Data table Fixed overhead in total was budgeted to be $62,820 for each month. Actual data for November of the current year include the following: a. Actual production was 13,700 jackets. b. Actual direct materials used was 2.60 square feet per jacket at an actual cost of $4.20 per square foot. (Assume the direct materials purchased is the same as the direct materials used.) c. Actual direct labor usage of 25,200 hours for a total cost of $239,400. d. Actual fixed overhead cost was $53,634, while actual variable overhead cost was $21,420. Thompson Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket: Click the icon to view the cost dalia.) Read the requirements. faworable (F) or unfavorable (U). Abbreviations usced: DM = Dircet materials.) Begin by determining the formula for the price variance, then compute the price variance for direct materials. Now determine the forrrula tor the quantily wariance and compule the quartily variance ler cirect materials. [aworable (F) or unlavorable (U). Abbreviations usced: DL = Direct labor.) Determine the formula for the rate varience, then compute the rate variance for direct labor. Determine the formula for the eficiency variance, then compute the eficiency variance for direct labor. iij=DLefficiencyvariance1= favorable (F) or unfavorable (U). Determine the formula for the rate variance, then compute the variable manufacturing overhead rate variance. Determine the formula for the efficiency variance, then compute the variable overhead efficiency variance. Manufacturing overhead) Determine the formula for the fixed overhead budget variance, then compute the budget variance for fixed overhead. Fixed MOH = budget variance = The favorable variances more than offset the unfavorable variances. If the superior materials purchased for the November production decreased materials and labor usage, then management's decision was Journalize the usage of direct materials, including the related variance