Question: need answered asap Current Attempt in Progress Cheyenne Compary developed the following standird costs for its product for 2022 : The company expected to work

Current Attempt in Progress Cheyenne Compary developed the following standird costs for its product for 2022 : The company expected to work at the 121,000 direct labor hour s level of acthity and produce 60,500 units of product. Actual results for 2022 were as follows 57,300 units of product were actually produced. Direct labor costs were $1.096.875 for 112.500 direct Labor hours actually worked. Actual direct materiais purchased and uted during the year cost $1,118,640 for 233,050 pounds. - Total actual manufacturing overhead costs were \$680,500. Compute the following variances for Cheyenne Company for 2022 and indicate whether each variance is favorable or unfavorable. 1. Direct Materials Price Variance 2. Direct Materials Quantity Variance 3. Direct Labor Price Variance 5 4. Direct Labor Quantity Variance 5 5. Overhead Controllable Variance 5 6. Overhead Volume Variance eTextbook and Media Soveforlater Attempts: 0 of 8 used Sibmit
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