The selected information presented in the table below relates to Franklin Corporations actual output of 1,200 units during the month of January, 2017. [27points] (Bonus Point: 5pts)

Input Item	Standard Quantity per Unit of Staffy	Standard Price	Standard cost Per unit
Direct materials	6 gallons	$3.50 per gallon	$21
Direct labor	5 hours	$10.00 per hr.	$50
VMOH	5 DLHs	$4.8 per DLH	$24
Std. cost /unit			$95

Below is the actual data of the company,

Variable manufacturing overhead actually incurred during the month	$31,000
Actual direct labor hours used	5,500 hours
Actual labor cost	$49,500
Materials on hand, January 1	1,600 gallons
Cost of 9,000 gallons of materials purchased during January.	$25,600
Materials on hand, January 31.	1,800 gallons

uestion 3 2 The selected information presented in the table below relates to Franklin Corporation's actual output of 1,200 units during the month of January, 2017. [27points] (Bonus Point 5pts) Input Item Standard Quantity per Unit of StaffyStandard Price Standard cost Per unit $3.50 per gallon S10.00 per hr $4.8 per DLH $21 Direct materials Direct labor VMOH Std. cost /unit 6 gallons 5 hours 5 DLHs Below is the actual data of the company, Variable manufacturing overhead actually incurred during the month Actual direct labor hours used Actual labor cost Materials on hand, Janu Cost of 9,000 gallons of materials purchased during Janu Materials on S31,000 5,500 hours S49,500 1,600 gallons $25,600 1,800 gallons January 31 14. What is the materials price variance for the month [6] 15. What is materials quantity variance for the month. (6) 16. What is the labor rate variance and labor efficiency variance? (10) 17. Was variable manufacturing overhead under- or over-applied for the month? (6) a. Under-applied b. Over-Applied