there is no cost total or anything just this

Erla manufactures coffee mugs that it sels to other companies for customizing with their own logos. Bra prepares flexible budgets and uses a standard Actual cost and production information for July 2024 folove cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on stalic budget volume of 60,000 colfee mugs per month Click the icon to view oclus cost and production information (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formules, compute the cost variances for Cirect materials and direct labor, and identify whether each vanance is favor idle (F) or unfavorable (U). (Abbreviations used: AC = actual cost:AQ = actual quantity: FOH = fored oveme SQ = standard quantity) Formula Variance -X i Dala Table Direct materials cost wariance Direct laber ex variance = $ 0.05 0.36 rd cost: SC Select the required formules, compute the efficiency venances for direct materials and direct labor, and identfy whether each venance is favorable (F) or unfavorable (U). Formula Variance Direct materials officiency variaren Direct labor efficiency variance Direct Materials (0.2 lbs 80 25 per il Direct Labor (3 minutes 80.12 per minute) Manufacturing Overhead Variable 13 minutes @ $0.06 per minute) Fixed (3 minutes $0.13 per minute) Total Cost per Coffee Mug $ 0.18 0.39 0.57 $0.99 Requirement 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credite Begin toy journalizing the purchase of direct materials, including the related variance. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Print Done i Requirements Now, journalize the usage of direct materials, including the related variance. (Prepere a single compound journal entry) Date Accounts and Explanation Debit Credit Jul. 1. Compute the cost and efficiency verlances for direct materies and direct labor 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. 3. For manufacturing overhead, compute the variable overhead coal and efficiency variances and the fixed overhead cost and valurre variances 4. Joumalize the actual manufacturing overhead and the allocated manufacturing overheat. Jaumalize the movement of all production costs from Work-n-Process Inventory Journalize the adjusting of the Manufacturing Overhead Account 5. Briantentionally hired mors highly skilled workers during July. How did this decision affect the cost venances? Overall, was the decision wise? Journisize the incurrance and assignment of direct labor casts, including the related variances. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Jul. Print Done Formula Vananen VOH cost variance VOH efficiency variance Now compute the fixed overhead cost and volume variances. Select the required formulss, compute the fixed overhead cost and volume variances and Identity whether SC = standard cost; SO standard quantity) Data Table - Xual que Formula Variance FOH Cost variance FOH volume variance $ 0.05 0.36 Direct Materials (0.2 lbs 50.25 per lb) Direct Labor (3 minutes @ $0.12 per minute) Manufacturing Overhead: Variable (3 minutes @ 50.08 per minutes) Fixed (3 minutes @SO. 13 minute Requirement 4. Joumalize the actual manufacturing overhead and the allocated manufacturing overhead. Journalize the movement of all production coste from Work-in- explanation on the last line of the journal entry table.) Begin by journalizing the entry to show the actual manufacturing overhead costs incurred its first, $ 0.18 0.39 0.57 Date Accounts and Explanation Debit Credit $ 0.00 Talal Cast par Colle Mug Print Done i Requirements Joumaize the applied manufacturing overhead Date Accounts and Explanation Debit Credit ul 1. Compute the cost and efficiency variances for direct materials and direct labor 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related varianoes. 3. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 4. Journalize the actual manufacturing overhead and the allocated manufacturing averhead laumalize the movement of all production costs from Work-in-Process Inventory Joumalize the adjusting of the Manufacturing Overhead account 5. Bris intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overal, was the decision wise? Joumeize the movement of all production from Work-in-Process Inventory Date Accounts and Explanation Debit Credit Print Done Erla manufactures coffee mugs that it sels to other companies for customizing with their own logos. Bra prepares flexible budgets and uses a standard Actual cost and production information for July 2024 folove cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on stalic budget volume of 60,000 colfee mugs per month Click the icon to view oclus cost and production information (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formules, compute the cost variances for Cirect materials and direct labor, and identify whether each vanance is favor idle (F) or unfavorable (U). (Abbreviations used: AC = actual cost:AQ = actual quantity: FOH = fored oveme SQ = standard quantity) Formula Variance -X i Dala Table Direct materials cost wariance Direct laber ex variance = $ 0.05 0.36 rd cost: SC Select the required formules, compute the efficiency venances for direct materials and direct labor, and identfy whether each venance is favorable (F) or unfavorable (U). Formula Variance Direct materials officiency variaren Direct labor efficiency variance Direct Materials (0.2 lbs 80 25 per il Direct Labor (3 minutes 80.12 per minute) Manufacturing Overhead Variable 13 minutes @ $0.06 per minute) Fixed (3 minutes $0.13 per minute) Total Cost per Coffee Mug $ 0.18 0.39 0.57 $0.99 Requirement 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credite Begin toy journalizing the purchase of direct materials, including the related variance. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Print Done i Requirements Now, journalize the usage of direct materials, including the related variance. (Prepere a single compound journal entry) Date Accounts and Explanation Debit Credit Jul. 1. Compute the cost and efficiency verlances for direct materies and direct labor 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. 3. For manufacturing overhead, compute the variable overhead coal and efficiency variances and the fixed overhead cost and valurre variances 4. Joumalize the actual manufacturing overhead and the allocated manufacturing overheat. Jaumalize the movement of all production costs from Work-n-Process Inventory Journalize the adjusting of the Manufacturing Overhead Account 5. Briantentionally hired mors highly skilled workers during July. How did this decision affect the cost venances? Overall, was the decision wise? Journisize the incurrance and assignment of direct labor casts, including the related variances. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit Jul. Print Done Formula Vananen VOH cost variance VOH efficiency variance Now compute the fixed overhead cost and volume variances. Select the required formulss, compute the fixed overhead cost and volume variances and Identity whether SC = standard cost; SO standard quantity) Data Table - Xual que Formula Variance FOH Cost variance FOH volume variance $ 0.05 0.36 Direct Materials (0.2 lbs 50.25 per lb) Direct Labor (3 minutes @ $0.12 per minute) Manufacturing Overhead: Variable (3 minutes @ 50.08 per minutes) Fixed (3 minutes @SO. 13 minute Requirement 4. Joumalize the actual manufacturing overhead and the allocated manufacturing overhead. Journalize the movement of all production coste from Work-in- explanation on the last line of the journal entry table.) Begin by journalizing the entry to show the actual manufacturing overhead costs incurred its first, $ 0.18 0.39 0.57 Date Accounts and Explanation Debit Credit $ 0.00 Talal Cast par Colle Mug Print Done i Requirements Joumaize the applied manufacturing overhead Date Accounts and Explanation Debit Credit ul 1. Compute the cost and efficiency variances for direct materials and direct labor 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related varianoes. 3. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 4. Journalize the actual manufacturing overhead and the allocated manufacturing averhead laumalize the movement of all production costs from Work-in-Process Inventory Joumalize the adjusting of the Manufacturing Overhead account 5. Bris intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overal, was the decision wise? Joumeize the movement of all production from Work-in-Process Inventory Date Accounts and Explanation Debit Credit Print Done