Question: I need help solving this question, please. Problem 6-30 Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled

I need help solving this question, please.

I need help solving this question, please. Problem 6-30 Lexi Belcher pickedup the monthly report that Irvin Santamaria left on her desk. Shesmiled as her eyes went straight to the bottom line of the

Problem 6-30 Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her eyes went straight to the bottom line of the report and saw the favorable variance for operating income, confirming her decision to push the workers to get those last 270 cases off the production line before the end of the month. But as she glanced over the rest of numbers, Lexi couldn't help but wonder if there were errors in some of the line items. She was puzzled at how most of the operating expenses could be higher than the budget since she had worked hard to manage the production line to improve efficiency and reduce costs. Yet the report, shown below, showed a different story. Actual Budget Variance Cases produced and sold 10,250 9,980 270 Favorable Sales revenue $1,943,600 $1,866,300 $77,300 Favorable Less variable expenses Direct material 559,878 548,900 10,978 Unfavorable Direct labor 267,115 259,480 7,635 Unfavorable Variable manufacturing overhead 284,442 279,440 5,002 Unfavorable Variable selling expenses 92,944 89,820 3,124 Unfavorable Variable administrative expenses 41,657 39,920 1,737 Unfavorable Total variable expense 1,246,036 1,217,560 28,476 Unfavorable Contribution margin 697,564 648,740 48,824 Favorable Less fixed expenses Fixed manufacturing overhead 110,778 109,780 998 Unfavorable Fixed selling expenses 69,361 69,860 (499 Favorable) Fixed administrative expenses 129,540 129,740 (200 Favorable) Total fixed expense 309,679 309,380 299 Unfavorable Operating income $387,885 $339,360 $48,525 Favorable Lexi picked up the phone and called Irvin. "Irvin, I don't get it. We beat the budgeted operating income for the month, but look at all the unfavorable variances on the operating costs. Can you help me understand what's going on?" "Let me look into it and I'll get back to you," Irvin replied. Irvin gathered the following additional information about the month's performance. Direct materials purchased: 101,796 pounds at a total of $559,878 Direct materials used: 101,796 pounds . Direct labor hours worked: 26,447 at a total cost of $267,115 Machine hours used: 40,868Irvin also found the standard cost card for a case of product. Standard Standard Price Standard Quantity Cost Direct materials $5.50 per pound 10 pounds $55 Direct labor $10 per DLH 2.59 DLH 25.90 Variable overhead $7 per MH 4 MH 28.00 Fixed overhead $2.74 per MH 4 MH 10.96 Total standard cost per case $119.86 (a-b) Calculate the direct material price variance and direct material quantity variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variance $ Direct material quantity variance $ (c-d) Calculate the direct labor rate variance and direct labor efficiency variance for the month. (Round answers to 0 decimal places, e.g. 1,525. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct labor rate variance Direct labor efficiency variance $ (e-f) Calculate the variable overhead spending variance and variable overhead efficiency variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance $ Variable overhead efficiency variance $ (g) Calculate the fixed overhead spending variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Fixed overhead spending variance $LINK TO ILAT Prepare a performance report that will assist Lexi in evaluating her efforts to control production costs. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Price/Rate/Spending Variance Quantity/Efficiency Variance Direct materials Direct labor Variable overhead Fixed overhead Total $ LINK TO TEXT LINK TO VIDEO LINK TO TEXT LINK TO VIDEO LINK TO TEXT LINK TO VIDEO LINK TO TEXT LINK TO VIDEO Based on your review of the performance report you prepared, do you think Lexi did a good job of controlling production expenses during the month? Click if you would like to Show Work for this question: Open Show Work

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