Question: How would I go about solving this problem? Yuma, lnc., a calendar-year company, manufactures one product, T-395, and uses standard costing. Yuma uses direct labor

How would I go about solving this problem?

How would I go about solving this problem? Yuma, lnc., a calendar-year

Yuma, lnc., a calendar-year company, manufactures one product, T-395, and uses standard costing. Yuma uses direct labor hours (DLH) as the cost driver for applying manufacturing overhead. Yuma recognizes the direct materials price variance as soon as title passes. The rm had no direct materials inventory at the start of November 2020. The firm never has any WorkinProcess inventory at the end of any month. The relevant range over which Yuma's unit variable costs and total xed costs remain constant is between 0 and 10,000 units. The following additional information is available to you: Standards for One Unit of product T-395 | Direct materials 3||bs @ $4.20 per lb |Direct labor ? DLH @ $18.00 per DLH | Variable manufacturing overhead ?|DLH @ $3.00 per DLH Variable manufacturing overhead applied to Work-in-Process $4300 [W | Number of units of T-395 produced 4,000 units | | Direct material purchased and received 15,000 lbs @ | $4.00 per lb FWWmr | Variable manufacturing overhead rate variance $540 F | | Variable manufacturing overhead efciency variance $600 U | rmWl_ Required - answers to parts A, B, C and D For the month of November, please compute the following variances indicating in the box to the right of the dollar amount, whether the variance is favorable (F) or unfavorable (U). When indicating whether the variance is favorable or unfavorable, be sure to enter only either the letter F or U as capital letters. A. Direct materials price variance $ |:| B. Direct materials quantity variance $ C. Direct labor rate variance $ |:| |:| D. Direct labor efficiency variance $ |:| |:|

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