apter M$-8$ Comprehensive Problems

Question $2,$ PM$8-33$B $($similar to$)$

HW Score: $15\mathrm{.}7\%,3\mathrm{.}93$ of $25$ points

Part $1$ of $13$

Points: $0$ of $10$

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Smith manufactures coffee mugs that it sells to other companies for customizing with their own logos$.$ Smith 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 $59,900$ coffee mugs per month:

$($Click the icon to view the cost data.$)$

Actual cost and production information for July $2024$ follows:

$($i$)($Click the icon to view actual cost and production information.$)$

Read the requirements:

Requirement $1.$ Compute the cost and efficiency variances for direct materials and direct labor. actual quantity; FOH$=$ fixed overhead; $SC=$ standard cost, $SQ=$ standard quantity $)$

$\backslash$table$[[,$Formula$],[$Direct materials cost variance,$==$