Question: Please show work Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the

Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Bramble estimated 9,750 tybos would be produced in March. Bramble has established the following material and labor standards to produce one tybo: Direct materials Direct labor Standard Quantity 2.5 pounds 0.6 hours Standard Price $3 per pound $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,550 units during the month. A total of 24.740 pounds of materials were purchased at a cost of $68,035. A total of 24.740 pounds of materials were used in production. 5,540 hours of labor were incurred during the month at a total wage cost of $60,940. 3. 4. Calculate the following variances for March for Bramble, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ (5) b Materials Quantity Variance $ (c) Labor Price Variance $ $ > (d) ) Labor Quantity Variance $ $
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