Question: Can someone please explain the steps for this problem? Sheridan Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for

Sheridan Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for the tests have been developed by the company's controllet Landon Sheridan, based on performing 2.100 core tests per month Standard Standard Standard Price Quantity Direct materials $0.50 per pound 4 pounds $2.00 Direct labor $10 per DHL 0.50 DH 5.00 Variable overhead $9 per 0.50 DUH Floed overhead $16 per DH 1 DLH Total standard cost per test $27.50 16.00 At the end of March, London reported the following operational results The company actually performed 2,290 core tests during the month 5,500 pounds of direct materials were purchased during the month at a total cost of 65.000 0,200 pounds of direct materials were used to conduct the core tests 500 direct labor hours were worked at a total cost of 59,850 Actual variable overhead was $8,000 Actual ud overheat was $15.000 (a) Calculate the direct materials price variance for March (Hound Beruniy value to deal places, . 52./Sandal answer to decimal places, 275. It wariance is zero, select Applicable and enter for the amounts.) Direct materials price variance Direct materials price variance $ (b) Calculate the direct materials quantity variance for March (Round answer to decimal places, 6.05.275. variance is zero, select "Not Applicable and enter for the amounts.) Direct materials quantity variance $ (c) Calculate the direct labor rate variance for March (Round per unit value to 2 decimal places, e. 52.75 and final answer to decimal places... 5.275. If variance is zero, select "Not Aplicable and water for the amount Direct laborate variance 5 (d) Calculate the direct labor efficiency variance for March (Round answer to decimal places, e.g. 5.275. I variance is zero, select "Not Applicable and enter for the amounts.) Direct labor efficiency variance le) Cakulate the variable overhead spending variance for March. (Round per unit value to 2 decimal places, no. 52.75 and final answer to decimal places, 28. 5.275. If variance is zero, select "Nor Applicable and enter for the amounts.) Variable overhead spending variances In Calculate the variable overhead officiency variance for March (Round answer to decimal places... 5.275. If variance is zero, select "Not Applicable and enter for the amounts.) Variable overhead efficiency variance $ (a) Calculate the fixed overhead spending variance for March (Round per unit value to 2 decimal places. e.g. 52.75 and final answer to decimal places, o. 275. I varianco e select "Not Applicable and enter for the amounts) Fhed overhead spending variance $
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