Standards:

Additional information:

Only the questions for "next complete the table for variable overhead" and "complete the table for fixed overhead" need answers

The Bilodeau Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017. Bilodeau adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) Data Table Cost per Input Output Unit 4 lb. at $6 per lb. S 24.00 4 hrs. at $19 per hr. 76.00 Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit $7 per DLH 28.00 40.00 $10 per DLH S 168.00 * Data Table The denominator level for total manufacturing overhead per month in 2017 is 42,000 direct manufacturing labor-hours. Bilodeau's budget for January 2017 was based on this denominator level. The records for January indicated the following: Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production 36,400 lb. at $6.20 per lb. 34,400 lb. 32,000 hrs. at $10.50 per hr. $675,000 8.500 output units Requirement 1. Prepare a schedule of total standard manufacturing costs for the 3.500 output units in January 2017 Direct materials s 204,000 Direct manufacturing labor 646,000 Variable manufacturing overhead 238,000 Fixed manufacturing overhead 340,000 S 1.428,000 Total Requirement 2. For the month of January 2017, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Quantity* Budgeted Price Actual Costs Incurred Purchases Usage Flexible Budget $ 204,000 Direct materials S 225,680 $ 218,400 S 206,400 a. Direct materials price variance, based on purchases, is $ 7,280 U b. The direct materials efficiency variance is $ 2.400 U Now complete the table for direct labor. Actual Costs Actual Input Quantity Incurred * Budgeted Price Direct Manufacturing Labor $ 624.000 $ 608,000 Flexible Budget $646.000 U c. The direct manufacturing labor price variance is $ 16,000 d. The direct manufacturing labor efficiency variance is S 38.000 F Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Complete the table for fixed overhead. Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level Flexible Budget Allocated Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance is