Wuestion Hep Actual cost and production information for July 2018 follows: A (Click the icon to view actual cost and production information) Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos, Rouse prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59,800 coffee mugs per month BER (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 formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance favorable (F) or unfavorable (U). (Abbreviations used: AC actual cost, AQ - actual quantity, FOHBed overhead, SC standard cost S tandard quantity) Variance Formula Direct materials cost variance Direct labor cost variance (AQ - SO) SC (AQSQ)X SC W Score: 46.55%, 1.4 of Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos, Rouse prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59,800 coffee mugs per month (Click the icon to view the cost data) Question Help Actual cost and production information for July 2018 follows: (Click the icon to view actual cost and production Information) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials i Data Table X More Info 0.25 per b) 0.14 per minute) $ Direct Materials (02 lbs @ $ Direct Labor 3 minutes @ $ Manufacturing Overhead: Variable (3 minutes @ $ Fixed 3 minutes @ $ 0.05 0.42 There were no beginning or ending inventory balances. Al expenditures were on ncorre account Actual production and sales were $2.500 coffee mugs Actual direct materials usage was 10,000 bs at an actual cost of $0.17 pero Actual direct labor usage was 198.000 minutes at a total cost of $31.680 Actual overhead cost was $9.900 variable and $30.900 fixed Selling and administrative costs were $115.000 0.06 per minute) $ 0.13 per minute) 0.18 0.57 Total Cost per Coffee Mug 104 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer 12 parts Clee All Check Answer 1 remaining