Variable overhead is applied on the basis of machine-hours. The standard cost sheet follows: Standard production costs Direct materials Direct labor Variable overhead Fixed overhead Total unit cost The actual resource usage for July per unit of output follows: Actual production costs Direct materials Direct labor Variable overhead Fixed overhead Total unit cost Direct materials: Price variance 5.00 kilo grams 0.50 direct labor-hours 0.75 machine-hours 0.50 direct labor-hours Efficiency variance Direct materials total variance Direct labor: Price variance 6.20 kilo grams 0.48 direct labor-hours 0.70 machine-hours 0.48 direct labor-hours @ $6.95 $ 34.750 @ 39.50 19.750 @ 55.00 41.250 24.000 @ 48.00 $ 119.750 Required: Prepare a manufacturing cost variance analysis for the Superior Plant for July. Note: Do not round intermediate calculations and Round your answers to the nearest whole dollar amount. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. @ $ 5.80 @ 51.00 @ 60.00 @ 45.00 $35.96 24.48 42.00 21.60 $124.04 Harlow Parts produces a single product at its Superior Plant. The master budget for July follows: Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit The following operating income statement shows the actual results for July: Quantity (units) Revenue Harlow Parts Superior Plant Operating Results (For July) Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed.Selling, General and Administrative cost Operating profit Varishla 9,900 $ 1,615,000 947,925 99,800 $ 567,275 237,600 122,000 $ 207,675 11,300 $ 1,748,800 1,157,572 112,840 $ 478,388 244,080 168,000 $ 66,308 iarhaad in sualind on the basis of machine havre The standard an nhant fallavan