Question: Please help with filling in the blanks for problem four 5b, problem five, and problem eight. Thank you in addition for your help! 4 Erie

Please help with filling in the blanks for problem four 5b, problem five, and problem eight. Thank you in addition for your help!
Please help with filling in the blanks for problem four 5b, problem
five, and problem eight. Thank you in addition for your help! 4
Erie Company manufactures a mobile fitness device called the Jogging Mate. The

4 Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: 1.87 Standard Hourn 30 minutes Standard Bite per lour $6.00 Standard Cost $3.00 During August, 10,690 hours of direct labor time were needed to make 19,900 units of the Jogging Mate. The direct labor cost totaled $62,002 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,900 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,900 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company incurred $51,312 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Answer is complete but not entirely correct. 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4 Labor rate variance 4. Labor efficiency variance 5. Variable overhead rate variance Variable overhead efficiency variance 9.950 $ 59,700 $ 2,302 U $2,138 F $4440 U $ 7,483 U $2.829 U 00000 5 1.87 Her AIA Berences Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: Motor tune-up Standard Bours 2.50 Labor rate variance Labor spending variance Standard Rate $ 32.00 The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 52 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups: 1. Actual labor hours 2. Actual hourly rate $ 300 T $ 340 U Standard Cont Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. (Round your answer to 2 decimal glaces.) hours per hour 8 1.91 Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs. and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.30 per micron Direct labor: 1.1 hours per toy at $7.40 per hour During July, the company produced 4,900 Maze toys. The toy's production data for the month are as follows: Direct materials: 76,000 microns were purchased at a cost of $0.29 per micron. 27,000 of these microns were still in inventory at the end of the month. Direct labor: 5,890 direct labor-hours were worked at a cost of $46,531. Required: 1. Compute the following variances for July: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances. 1a. Material price variance 1a. Material quantity variance 1b. Labor rate variance 1b. Labor efficiency variance Answer is not complete. 760 F U U U 0000

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