please answer #2A-D. please show work and explain how you got each answer! TYSM

WP11-50A (similar to) Question Help 0 Pickul Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the Actual cost and operating data from the most recent month are as follows: number of direct labor hours. The following are the company's coat and standarda data: Click the icon to view the actual results.) (Click the icon to view the standards.) All manufacturing overhead is allocated on the basis of direct labor hours. Read the requirements. Requirement 2a. Calculate the direct material variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials.) First determine the formula for the price variance, then compute the price variance for direct materials. Actual quantity purchased xx Standard price Actual price ) = DM price variance 32,550 14.00 13.70 ) = S 9,765 S 9,765' F x{ $ Determine the formula for the quantity variance, then compute the quantity variance for direct materials Standard price x Standard quantity allowed Actual quantity used S 14.00 30,000 28,800 ) = Da quantity variance ) = $ 16,800 F X Requirement 2b. Calculate the direct labor variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor.) First determine the formula for the rate variance, then compute the rate variance for direct labor. Standard hours allowed Standard rate Actual hours DL rate variance x Chance from a list or enter a number in the input fields and then click Chark Answer WP11-50A (similar to) Question Help 0 Pickul Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: B (Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. Read the requirements Requirement 2a. Calculate the direct material variances (Enter the variand i Requirements X i Standard Price and Volume i Actual Results Purchased 32,550 yards at a total cost of $445,935 Used 28,800 yards in producing 1,500 awnings Actual direct labor cost of $35.301 for a total of 2,870 hours Actual variable MOH $9,184 Actual fixed MOH $25,000 1. Calculate the standard cost of one awning. 2. Calculate the following variances: a. The direct material variances. b. The direct labor variances 6. The variable manufacturing overhead variances d. The fixed manufacturing overhead variances 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances. Are any of the variances likely to be interrelated? Standards: Direct materials 20.0 yards per awning at $14.00 per yard Direct labor 2.0 hours per awning at $12.00 per hour Variable MOH standard rate $3.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $19,500 Print Done Print Done Print Done DETECTOR Choose from any list or enter any number in the input fields and then click Check