2 Problem 4 3 Joan's Style manufactures dining room tables for both home and restaurant locations. 24 Kona Clair, the company's controller, developed the following standard costs for each 2548-foot table. Ms. Clair developed these standards based on the company manufacturing 26 1,200 tables per month. 27 28 Standard Price Standard Quanity Standard Cost 29 Direct materials $45/linear foot 5 linear feet 30 Direct labor $18.50 per DLH 12 DLH 31 Variable overhead $16.20 for DLH 12 DLH 32 Fixed overhead $28.60 per DLH 12 DLH 33 Total standard cost per table 34 35 At the end of the current month, Kona reported the following opertions results: 225.00 222.00 194.40 343.20 984.60 37 The company actually manufactured 1,100 tables during the month. 38 5,900 linear feet of direct materials were purchased during the month at a total cost of $258,420. 39 5,400 linear feet of direct materials wre used to manufacture the tables. 40 13,400 direct labor hours were wored at a total cost of $242,880. 4 41 Actual variable overhead was $234,600. 142 Actual fixed overhead was $410,500 43 44 Required: 145 PH 46 a. Direct materials price variance AQ purch X AP Aqpurch x SP EP: 53 b. Direct materials quantity variance AQ used x SP SQ X SP WM 55 0011 56 TEPH 57 WM 60 . Direct labor rate variance c. Direct labor rate variance AQ X AP AQ x SP tin 58 d. Direct labor efficiency variance AQ x SP SQ X SP 76 e. Variable overhead spending variance AQX AP AQ X SP S + 83 f. Variable overhead efficiency variance EE AQ X SP SQ X SP 8 TEPH 89 90 g. Fixed Overhead Spending Variance WM 91 2001 92 STEPH Actual Budget WM