Question: Please help with a through d . Please provide formulas and steps too. Thank you! Sunland, Ltd. manufactures shirts, which it sells to customers for

Please help with a through d . Please provide formulas and steps too. Thank you!
Please help with a through d . Please provide formulas and steps
too. Thank you! Sunland, Ltd. manufactures shirts, which it sells to customers
for embroidering with various slogans and emblems. The standard cost card for
the shirts is as follows. Direct materials Direct labor Variable overhead Fixed
overhead Standard Price $3 per yard $14 per DLH $3.20 per DLH
$3 per DLH Standard Quantity 2.00 yards 0.75 DLH DLH 0.75 DLH

Sunland, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Direct materials Direct labor Variable overhead Fixed overhead Standard Price $3 per yard $14 per DLH $3.20 per DLH $3 per DLH Standard Quantity 2.00 yards 0.75 DLH DLH 0.75 DLH 0.75 Standard Cost $6.00 10.50 2.40 2.25 $21.15 d Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November. The company purchased 82,500 yards of fabric and used 94,100 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran $465,500, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 605,000 shirts, using 455,000 direct labor hours. Though the budget for November was based on 46,000 shirts, the company actually produced 42.500 shirts during the month. Indirect material Indirect labor Equipment repair Equipment power Total Variable Overhead Budget Per Shirt $1.201 0.75 Annual Budget $449,000 297,000 202,000 52,000 $1,000,000 0.30 0.15 $2.40 November-Actual $49.100 31,100 20,800 7,000 $108,000 Supervisory salaries Insurance Property taxes Depreciation Utilities Quality inspection Total Fixed Overhead Budget Annual Budget November-Actual $263,000 345,000 79,000 317,000 212,000 281,000 $1,497,000 $22,000 27,500 6,600 25,900 20,000 25,400 $127,400 (a) Calculate the direct materials price and quantity variances for November. (If variance is zero, select "Not Applicable and enter o for the amounts.) Direct material price variance Direct material quantity variance Direct labor rate variance $ $ Direct labor efficiency variance $ 16500 68500 (b) Calculate the direct labor rate and efficiency variances for November. (Round answers to 0 decimal places, eg. 125. If variance is zero, select "Not Applicable" and enter O for the amounts) 9500 Favorable 73500 Unfavorable Favorable V Unfavorable (b) Calculate the direct labor rate and efficiency variances for November. (Round answers to 0 decimal places, eg. 125. If variance is zero. select "Not Applicable" and enter O for the amounts.) Direct labor rate variance $ Direct labor efficiency variance $ 9500 Variable overhead spending variance Variable overhead efficiency variance 73500 D (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) 12375 Favorable 6125 Unfavorable Favorable Unfavorable V (c) Calculate the variable overhead spending and efficiency variances for November. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts) Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance 12375 $ 6125 (d) Calculate the fixed overhead spending variance for November. (Round answer to O decimal places, e.g. 125. If variange is zero, select "Not Applicable" and enter O for the amounts.) Favorable 20471 Unfavorable Unfavorable

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