please read the requirements and do those too!!

E Homework: CHAPTER M-6 Question 3, PM6-32B (book/static) Part 1 of 5 1 5 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Headset manufactures headphone cases. During September 2024, the company produced and sold 106,000 cases and recorded the following cost data: (Click the icon to view the cost data.) Read the requirements. ... Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Direct materials cost variance Data table Direct labor cost variance = - X Requirements Standard Cost Information Quantity Cost Direct Materials 2 parts $0.16 per part Direct Labor 0.02 hours 11.00 per hour Variable Manufacturing Overhead 0.02 hours 8 per hour Fixed Manufacturing Overhead ($30,720 for static budget volume of 96,000 units and 1,920 hours, or $16 per hour) 1. Compute the cost and efficiency variances for direct materials and direct labor. . 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 3. Headset's management used better quality materials during September. Discuss the trade-off between the two direct material variances. Actual Cost Information Direct Materials (209,000 parts @ $0.21 per part) (1,620 hours @ $11.10 per hour) @ ) $ 43,890 17,982 Direct Labor 9,000 Variable Manufacturing Overhead Fixed Manufacturing Overhead 30,000 Print Done Print Done Help me solve this Etext pages Get more help Check