I could use some help with this View PoliciesCurrent Attempt in ProgressSheffield Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for thetests have been developed by the company's controller, Làndon Sheffield, based on performing 2,100 core tests per month.StandardStandardStandard PriceQuantityCostDirect materials$0.50 per pound5 pounds$2.50Direct labor$10 per DLH0.50 DLH5.00Variable overhead$9 per DLH0.50 DLH4.50Fixed overhead$16 per DLH0.50 DLH8.00Total standard cost per test$20.00At the end of March, London reported the following operational results:The company actually performed 2,280 core tests during the month.8,500 pounds of direct materials were purchased during the month at a total cost of $5,700.6,200 pounds of direct materials were ustoonduct the core tests.840 direct labor hours were worked at a total cost of $9,830.Actual variable overhead was $7,700.Actual fixed overhead was $15,800.(a) Calculate the direct materials price variance for March. (Round per unit value to 2 decimal places, eg. 52.75 and final answer to 0decimal places, eg. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.)2$Direct materials price varianceFavorableNot ApplicableUnfavorable(h) Calculate the direct materials quantity variance for March. (Round answer to O decimal places, eg. 5,275. If variance is zero, select (c) Calculate the direct labor rate variance for March. (Round per unit value to 2 decimal places, e.g. 52.75 and final answer to O decimalplaces, eg. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.)Direct labor rate variance$(d) Calculate the direct labor efficiency variance for March. (Round answer to O decimal places, e.g. 5,275. If variance is zero, select "NotApplicable" and enter O for the amounts.)24Direct labor efficiency variance(e) Calculate the variable overhead spending variance for March. (Round per unit value to 2 decimal places, eg. 52.75 and final answer toO decimal places, eg. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.)24Variable overhead spending variance(f) Calculate the variable overhead efficiency variance for March. (Round answer to O decimal places, e.g. 5,275. If variance is zero, select"Not Applicable" and enter O for the amounts.)Variable overhead efficiency variance(g) Calculate the fixed overhead spending variance for March. (Round per unit value to 2 decimal places, e.g. 52.75 and final answer to 0decimal places, eg. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.)24Fixed overhead spending variance

As per the policy, we are supposed to solve the first three sub-parts at a time. Kindly repost the…

Sheffield Construction Consultants performs cement core tests in its Greenville laboratory. The following standard costs for the tests have been developed by the company's controller, Làndon Sheffield, based on performing 2,100 core tests per month. Standard Standard Standard Price Quantity Cost Direct materials $0.50 per pound 5 pounds $2.50 Direct labor $10 per DLH 0.50 DLH 5.00 Variable overhead $9 per DLH 0.50 DLH 4.50 Fixed overhead $16 per DLH 0.50 DLH 8.00 Total standard cost per test $20.00 At the end of March, London reported the following operational results: The company actually performed 2,280 core tests during the month. 8,500 pounds of direct materials were purchased during the month at a total cost of $5,700. 6,200 pounds of direct materials were used to conduct the core tests. 840 direct labor hours were worked at a total cost of $9,830. Actual variable overhead was $7,700. Actual fixed overhead was $15,800. (a) Calculate the direct materials price variance for March. (Round per unit value to 2 decimal places, eg. 52.75 and final answer to O decimal places, eg. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Direct materials price variance Favorable Not Applicable Unfavorable

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q