E Homework: Section 10.4 Homework Question 2, Summary Pr... HW Score: 20%, 1 of 5 points Part 1 of 7 Points: 0 of 1 Kool-Time Pools is an installer of in-ground swimming pools. Suppose Kool-Time had installed Requirements seven pools in June and that actual expenses were as follows: 1. Compute the price variances for direct materials and direct labour. (Click the icon to view the actual expense data.) 2. Compute efficiency variances for direct materials and direct labour. Kool-Time has the following quantity and price standards: 3. Compute the total overhead variance, the overhead flexible budget variance, an production volume variance. . .. .. (Click the icon to view the quantity and price standards.) X Actual expense data Quantity and price standards Direct materials (gunite) Direct materials (gunite) 25 m at $80.00 +m 185 m at $80.00 / m3 Direct labour 400 hours per pool at $10.50 per hour Direct labour 2,740 hours at $10 per hour Variable overhead $5,400 Variable overhead $2.00 per hour }$5.75 per hour overhead Fixed overhead $11,900 Fixed overhead $3.75 per hour rate The standard number of pools installed in one month is eight Print Done Print Done