Question: please solve them as fast as you can I only have 45 mintes standard costing Faten production is specialized in producing a single item, the

please solve them as fast as you can I only have 45 mintes

standard costing

Faten production is specialized in producing a single item, the following information was provided. Standard material costs: $30/gm 20 gm / item Actual material costs. Produced 100 items, by using 2200 gm, which cost $59,940. Standard labor cost: $100/hour 2 hour / item Actual labor cost: produced 100 items, which cost $23000 for 200 hours. Use the above information to find the material and labor variances and interoperate your finding.

1.referring to the given info, what is TVM

2.referring to the given info, what is MUV

(1 Point)

6600 F

600 U

6600 U

6000 F

600 F

6000 U

3.referring to the given info, what is MPV

(1 Point)

600 U

600 F

6600 F

6000 F

6600 U

6000 U

4.referring to the given info, what is TLV

(1 Point)

3300 U

300 F

300 U

3000 F

3300 F

3000 U

5.referring to the given info, what is LRV

(1 Point)

3300 U

300 F

3000 U

300 U

3300 F

3000 F

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