"Contains direct materials, direct labor, and variable manufacturing overhead. lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool:

$*$Based on machine$-$hours.

During June, the plant produced $4,000$ pools and incurred the following costs

a$.$ Purchased $17,400$ pounds of materials at a cost of $$2\mathrm{.}55$ per pound.

b$.$ Used $12,200$ pounds of materials in production. $($Finished goods and work in process inventories are insignificant and can be ignored.$)$

c$.$ Worked $2,200$ direct labor$-$hours at a cost of $$5\mathrm{.}80$ per hour.

d$.$ Incurred variable manufacturing overhead cost totaling $$3,000$ for the month. A total of $1,500$ machine$-$hours was recorded

It is the company's policy to close all variances to cost of goods sold on a monthly basis.

Required:

Compute the following variances for June:

a$.$ Materials price and quantity variances.

b$.$ Labor rate and efficiency variances.

c$.$ Variable overhead rate and efficiency variances.

Summarize the variances that you computed in $(1)$ above by showing the net overall favorable or unfavorable variance for the month.

Complete this question by entering your answers in the tabs below.

Required $1$

$1$a$.$ Compute the following variances for June, materials price and quantity variances.

$1$b$.$ Compute the following variances for June, labor rate and efficiency variances.

$1$c$.$ Compute the following variances for June, variable overhead rate and efficiency variances.

Do not round your intermediate calculations. Indicate the effect of each variance by selecting $"F"$ for favorable, $"$U$"$ for