Bridgeport Company has developed the following standard costs for its product for 2022: BRIDGEPORTCOMPANY Standard Cost...

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Bridgeport Company has developed the following standard costs for its product for 2022: BRIDGEPORTCOMPANY Standard Cost Card Product A Cost Component Standard Quantity * Standard Price Standard Cost Direct materials 4 pounds $3 $12 3 hours 8 24 Direct labor Manufacturing overhead 3 hours 12 $48 The company expected to produce 30,400 units of Product A in 2022 using 91,200 direct labor hours. Actual results for 2022 are as follows: 31,410 units of Product A were produced. . Actual direct labor costs were $756,040 for 92,200 direct labor hours worked. . Actual direct materials purchased and used during the year cost $352,000 for 128,000 pounds. Actual variable overhead incurred was $157,000 and actual fixed overhead incurred was $209,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. . Actual variable overhead incurred was $157,000 and actual fixed overhead incurred was $209,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance (b) Total Direct Labor Variance (c) Direct Labor Quantity Variance (d) Direct Materials Price Variance $ (e) Total Overhead Variance $ Bridgeport Company has developed the following standard costs for its product for 2022: BRIDGEPORTCOMPANY Standard Cost Card Product A Cost Component Standard Quantity * Standard Price Standard Cost Direct materials 4 pounds $3 $12 3 hours 8 24 Direct labor Manufacturing overhead 3 hours 12 $48 The company expected to produce 30,400 units of Product A in 2022 using 91,200 direct labor hours. Actual results for 2022 are as follows: 31,410 units of Product A were produced. . Actual direct labor costs were $756,040 for 92,200 direct labor hours worked. . Actual direct materials purchased and used during the year cost $352,000 for 128,000 pounds. Actual variable overhead incurred was $157,000 and actual fixed overhead incurred was $209,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. . Actual variable overhead incurred was $157,000 and actual fixed overhead incurred was $209,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance (b) Total Direct Labor Variance (c) Direct Labor Quantity Variance (d) Direct Materials Price Variance $ (e) Total Overhead Variance $