Exercise 16-52 (Algo) (Appendix used in requirement [c]) Comprehensive Cost Variance Analysis (LO 165,6,7) The River Plant of Carlisle, Incorporated produces a particular metal fixture used in aerospace and maritime industries. The following information is available for the last operating month: - The plant produced and sold 28,888 fixtures for $72 each. Budgeted production was 30,000 fixtures. - Standard variable costs per fixture follow: Required: a. Prepare a cost variance analysis for each variable cost for the River Plant. b. Prepare a fixed overhead cost variance analysis. c. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the operating period. Exercise 16-52 (Algo) (Appendix used in requirement [c]) Comprehensive Cost Variance Analysis (LO 165,6,7) The River Plant of Carlisle, Incorporated produces a particular metal fixture used in aerospace and maritime industries. The following information is available for the last operating month: - The plant produced and sold 28,888 fixtures for $72 each. Budgeted production was 30,000 fixtures. - Standard variable costs per fixture follow: Required: a. Prepare a cost variance analysis for each variable cost for the River Plant. b. Prepare a fixed overhead cost variance analysis. c. (Appendix) Prepare the journal entries to record the activity for the last period using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the operating period