urgent please

direct material cost

flo c Beacon Novelties manufactures frisbees that sells to other companies for customizing with their own logos, Beacon prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a frisbee is based on static budget volume of 60.000 frisbees per month Direct Materials ( 2AED 30 per ib.) OG Direct tabor (4 mins. AED 15 per min.) .GO Manufacturing Overhead: Variable (4 min. AED .07 per min.) 28 Fixed (4 mins. AED 16 per min.) 92 Total cost per unit AED 1.58 Actual cost and production Information for June 2019 follows: a. There were no beginning or ending inventory balances. All expenditures were on account. b.Actual production and sales were 62,000 frisbees. cActual direct materials usage was 10,000 lbs at an actual cost of AED 0.24 per ib. d.actual direct labor usage was 208.000 minutes at a total cost of AED 37,440. e Actual overhead cost was AED 8,000 variable and AED 30,000 fixed Selling and administrative costs were AED 130,000. Requirements: (10 Points) 1. Compute the cost variance for direct materials (3 points) 2. Compute the efficiency variance for direct materials (2 points) 3. Compute the cost variance for direct labor (3 Points) 4. Compute the efficiency variance for direct labor (2 points)