The Southern Company produces a single product. It has the following normal costs for a unit: Direct materials (lbs) 6 @ $2.50 $15.00 Direct labor (hours) 3.1 @ $12 = $37.20 For the month of September, the Southern Company manufactured 250 units and had the following current costs: Direct materials purchased and used (lbs) 1600 $4, 192 Direct labor (Hours) 760 $8,740 Instructions: (18 pts). Calculate the variances and indicate whether the variance is favorable or unfavorable. Use this format for your answer: (SXXXX), F SXXXX, D

The Southern company produces a single product. It has the following normal costs for a unit: Direct materials (bs) 6@$2.50=$15.00 Direct labor (hours) 3.1@$12=$37.20 For the month of September, the Southern Company manufactured 250 units and had the following current costs: Direct materials purchased and used (lbs) 1600 \$4, 192 Direct labor (Hours) 760$8.740 Instructions: (18 pts). Calculate the varlances and indicate whether the variance is favorable or unfavorable. Use this format for your answer: (Sx)xx),F SXXXX D