1. Complete the cost and efficiency variances for direct materials & Direct labor.
   

Data Table Standard Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Quantity 2 parts 0112 hours 0112 hours Cost S 0.16 per part 7.00 per hour Fixed Manufacturing Overhead ($31,040 for static budget volume of 97,000 units and 1,940 hours, or $16 per hour) Actual Cost Information Direct Materials Direct Labor (213,000 parts @ (1 ,640 hours @ S S 0.21 per part) 7.15 per hour) s Variable Manufacturing Overhead Fixed Manufacturing Overhead print 44,730 11,726 10,000 28,000 Done