,\\ / ED ' ', / I) H eztomheducationcom Ci / o N F3 \\ ljl Chapter 24 Connect Homework 0 Saved Help Save 3. Exit Submit 1 Exercise 24.2 (Algo) Relationships among Standard Costs, Actual Costs, and Cost Variances (LOZ4-3, L024-4) 20 pm\" Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows. El Variances ea?\" standard C081: Unfavorable Favorable Direct materials 5 91,000 Price variance $ 4, 600 a Quantity variance $3, 000 Pm\" Direct: labor 190,000 Rate variance 2, 700 r Efficiency variance 6,200 VI Manufacturing overhead 281,000 References Spending variance 3, 300 volume variance 5, 000 . Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead. Direct materials Direct labor Manufacturing overhead Mc Graw Prev 1 of 5 Next > Hill