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Question 41 (10 points) Voluum Electronics manufactures bluetooth speakers. Voluum planned on producing 100,000 speakers, but due to low demand for their product, they actually produced 90,000. The following standards have been set for each speaker: Plastic for speaker body: 2 ounces at $0.20 per ounce Direct labor: 0.15 hours at $12.00 per hour Variable overhead (applied based on labor hours): 0.15 hours at $4.00 per hour Budgeted fixed overhead: $1,800,000 Actual production information at the end of April showed the following: Plastic used: 183,000 ounces at $0.18 per ounce Direct labor: 13,000 hours at $11.85 per hour Actual variable overhead: $52,610 Fixed overhead applied to production: $1,620,000 Actual fixed overhead: $1,775,000 Calculate the following variances and indicate whether each is favorable or unfavorable. ENTER YOUR ANSWERS AS WHOLE NUMBERS. DO NOT USE DOLLAR SIGNS, COMMAS, DECIMAL POINTS, NEGATIVE SIGNS, PARENTHESES, ETC. LEAVE ONE SPACE AFTER THE NUMBER AND ENTER F FOR FAVORABLE OR U FOR UNFAVORABLE. Question 41 (10 points) Voluum Electronics manufactures bluetooth speakers. Voluum planned on producing 100,000 speakers, but due to low demand for their product, they actually produced 90,000. The following standards have been set for each speaker: 2 ounces at $0.20 per ounce Plastic for speaker body: Direct labor: 0.15 hours at $12.00 per hour Variable overhead (applied based on labor hours): 0.15 hours at $4.00 per hour Budgeted fixed overhead: $1,800,000 Actual production information at the end of April showed the following: Plastic used: 183,000 ounces at $0.18 per ounce Direct labor: 13,000 hours at $11.85 per hour Actual variable overhead: $52,610 Fixed overhead applied to production: $1,620,000 Actual fixed overhead: $1,775,000 Calculate the following variances and indicate whether each is favorable or unfavorable. ENTER YOUR ANSWERS AS WHOLE NUMBERS. DO NOT USE DOLLAR SIGNS, COMMAS, DECIMAL POINTS, NEGATIVE SIGNS, PARENTHESES, ETC. LEAVE ONE SPACE AFTER THE NUMBER AND ENTER F FOR FAVORABLE OR U FOR UNFAVORABLE. w LIHUVILINIC. LIILI IUINITYYLIINILLI VIIULIU DOLLAR SIGNS, COMMAS, DECIMAL POINTS, NEGATIVE SIGNS, PARENTHESES, ETC. LEAVE ONE SPACE AFTER THE NUMBER AND ENTER F FOR FAVORABLE OR U FOR UNFAVORABLE. 1. Direct material quantity variance 2. Direct material cost variance 3. Variable overhead spending variance 4. Variable overhead efficiency variance 5. Fixed overhead budget variance 6. Fixed overhead volume variance