please continue solve requirement 5&6

Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket Click the icon to view the cost data) Read the requirements Requirement 1. Compute the price and quantity variances for direct materials. (Enter the variances as positive numbots. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar Label the variances as favorable (F) or unfavorable (U). Abbreviations used. DM = Direct materials) Begin by determining the formula for the price variance, then compute the price variance for direct materials Actual quantity purchased Actual price Standard price DM price variance 36,720 4.15 400 5,508 U Now determine the formula for the quantity variance and compute the quantity variance for direct materials Standard price Actual quantity used Standard quantity allowed DM quantity variance 4.00 36.720 40.800 16,320 Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket (Click the icon to view the cost data.) Read the requirements Requirement 2. Compute the rate and efficiency variances for direct labor. (Enter the variances as positive numbers Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U), Abbrwviations used DL = Direct labor Determine the formula for the rate variance, then compute the rate variance for direct labor Actual hours Actual rate Standard rate DL rate variance 24.480 960 9.40 4896 Determine the formula for the efficiency variance, then compute the efficiency variance for direct labor Standard rate Actual hours Standard hours allowed OL efficiency variance 9:40 24.480 27200 25,568 U F Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs The following data represent the standard unit cost of a jacket Click the icon to view the cost data.) Read the requirements como menciency valandas Tor Van Omer vanuses posuere currency amounts to the nearest cont and your answers to the nearent whole dollar Label the variances as favorable (F) or unfavorable (U)) Determine the formula for the rate variance, then compute the variable manufacturing overhead rate varianco. Variable overhead Actual hours Actual rate Standard rate rate variance 24.480 0.85 0.66 4,896 U Determine the formula for the efficiency variance, then compute the variable overhead officiency variance Variable overhead Standard rate Actual hours Standard hours allowed officiency variance 0.65 24,480 27 200 1,758 F Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket E. (Click the icon to view the cost data.) Read the requirements. Determine the formula for the fixed overhead budget variance, then compute the budget variance for fixed overhead Fixed MOH Actual forced overhead Budgeted fixed overhead budget variance 55 748 63,200 7,452F Determine the formula for the fixed overhead volume variance, then compute the volume variance for fixed overhead Fixed MOH Std, fixed overhead cost allocated to production 59,840 volume variance Budgeted fixed overhead 63,200 3,360|| U Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket (Click the icon to view the cost data) Read the requirements Requirement 5. Company management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain. The favorable price, efficiency, and volume variances more than offset the unfavorable price, rate, and fixed volume variances. If the ber production decreased materials and labor usage, then management's decision was efficiency, budget, and fixed volume Requirement quantity, efficiency, and budget the assignment of direct labor, including the related variances (Record debits first, then credi ies.) quantity, price, and rate First, journalize price, efficiency, and volume e related variance sourar entry Accounts Dobit Credit Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The Following data represent the standard unit cost of a jacket (Click the icon to view the cost data) Read the requirements Requirement 5. Company management intentionally purchased superior materials for November production. How did this decision affect the other cost variancos? Overall, was the decision wise? Explain. The favorable price, efficiency, and volume variances more than offset the unfavorable price rate, and fixed volume variances. If the superior materials purchased for the November production decreased materials so decision was unwise officiency, budget, and fixed volume Requirement 6. Joumalize the usage of direct materials and the assignment of direct labor, indu price, rate, and fixed volume first then credits Exclude explanations from any journal entries.) price, rate, and quantity First , journalize the purchase of direct materials, including the related variance quantity, rate, and budget Journal Entry Accounts Choose from any list or enter any number in the input fields and then continue to the next question Debit Credit Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket (Click the icon to view the cost data.) Read the requirements Requirement 5. Company management intentionally purchased superior materials for November production How did this decision affect the other cost variances? Overall, was the decision wise? Explain. The favorable price officiency, and volume variances more than offset the unfavorable price rate, and fixed volume variances. If the superior materials purchased for the November production decreased materials and labor usage thon management's decision was unwise. Requirement usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first then cred unwise anations from any journal entries) First journaliz wise direct materials, including the related varianco Journal Entry Accounts nabit Credit Choose from any list or enter any number in the input helds and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket E! (Click the icon to view the cost data.) Read the requirements Requirement 6. Journalize the usage of direct materials and the assignment of direct labor, including the related variances. (Record debits first, then credits. Exclude explanations from any journal entries.) First journalize the purchase of direct materials, including the related variance Journal Entry Accounts Debit Credit Raw Materials Inventory DM Price Variance DM Quantity Variance Accounts Payable Journalize the usage of direct materials, including the related variance WANAtinn Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing following data represent the standard unit cost of a jacket !!! (Click the icon to view the cost data.) Read the requirements Accounts Payable Journalize the usage of direct materials, including the related variance Debit Credit Joumal Entry Accounts Work in Process Inventory DL Rate Variance DL Efficiency Variance Wages Payable Journalize the direct labor costs, including the related variances (Record both direct labor variances by preparing a single con Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket (Click the icon to view the cost data.) Read the requirements. Wages Payable Journalize the direct labor costs, including the related variances. (Record both direct labor variances by preparing a single compound entry) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Conquistador Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturir following data represent the standard unit cost of a jacket: E (Click the ic Read the require Accounts Payable DL Efficiency Variance DL Rate Variance DM Price Variance Journalize the di entry) DM Quantity Variance Raw Materials Inventory Wages Payable Date Work in Process Inventory direct labor variances by preparing a single Debit Credit Choose from any list or enter any number in the input fields and then continue to the next