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The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor Materal-4 pieces @

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The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor Materal-4 pieces @ SP $2200 Direct labor-12 hours @ SR 4800 Standard capacity is 6.000 standard productive direct labor hours per month. At this volume, budgeted overhead costs are fixed. $12,000: variable 56.000 This information is used to calculate SR for Variable Overhead and for Fixed Overhead Fixed Overhead SR = 52.40/dih. During a month in which to units were produced the following ACTUAL production costs were incurred. Purchases of material 2.400 pieces for $12,600 Materials issued 2.300 pieces Direct labor payroll 6,900 hours for a cost of $31.050 Overhead costs $19,300 of which $6,800 is for Variable Overhead and $12.500 is for Fixed Overhead a What is the Direct Materials Price Variance i the Purchasing department is responsible for this variance? (4 pts) b. What is the Direct Labor Emiciency varianco? (4 pts) c. Using a 4-way analysis of Overhead variances, what is the Foxed Overhead Spending variance? (3 pts) d. Using a 3-way analysis of Overhead vanances, what is the Factory Overhead Emciency variance? (4 pts) Purchases of material Materials issued Direct labor payroll 2.400 pieces for $12,600 2,300 pieces 6,900 hours for a cost of $31.050 Overhead costs $19,300 of which $6,800 is for Variable Overhead and $12.500 is for Fixed Overhead a. What is the Direct Materials Price Variance if the Purchasing department is responsible for this varianco? (4 pts.) b. What is the Direct Labor Emiciency variance ? (4 pts.) c. Using a 4-way analysis of Overhead variances, what is the Fixed Overhead Spending variance? (3 pts) d. Using a 3-way analysis of Overhead variances, what is the Factory Overhead Efficiency varlance? (4 pts) 6. Using the 2-way analysis of Overhead variances, what is the Factory Overhead Production Volume variance? (5 pts) Using the 2-way analysis of Overhead variances, what is the Factory Overhead Budget variance? (4 Pts)

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