Do not give answer in image Sweetly Sent, Incorporated, manufactures scented pillar candles. Its standard cost information for the month of February follows:StandardUnitCost$0.753.50Direct materials (wax)Direct laborVariable manufacturing overhead (based on directlabor hours)Fixed manufacturing overhead ($10,000 ÷ 40,000units)Number of labor hours workedDirect labor costVariable overhead costFixed overhead costSweetly Sent has the following actual results for the month of February:Number of units produced and soldNumber of ounces of wax purchased and usedCost of wax usedStandard Quantity15 ounceRequired 10.25 hourRequired 2 Required 30.25 hourRequired:1. Calculate the direct materials price, quantity, and total spending variances for Sweetly Sent.2. Calculate the direct labor rate, efficiency, and total spending variances for Sweetly Sent.3. Calculate the variable overhead rate, efficiency, and total spending variances for Sweetly Sent.Complete this question by entering your answers in the tabs below.Direct Materials Price VarianceDirect Materials Quantity Variance38,500583,000$ 37,8959,900$ 136,620$ 3,630$ 9,900Standard Price (Rate)$ 0.05 per ounce.$14.00 per hour$ 0.40 per hour0.100.25Calculate the direct materials price, quantity, and total spending variances for Sweetly Sent.Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positivenumber) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" forunfavorable, and "None" for no effect (i.e., zero variance).Show less

Name: Do not give answer in image Sweetly Sent, Incorporated, manufactures s
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Do not give answer in image Sweetly Sent, Incorporated, manufactures scented pillar candles. Its standard cost information for the month of February follows:StandardUnitCost$0.753.50Direct materials (wax)Direct laborVariable manufacturing overhead (b

The variance is the difference between the actual and standard production data. The variance can be…

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Sweetly Sent, Incorporated, manufactures scented pillar candles. Its standard cost information for the month of February follo Standard Unit Cost $ 0.75 3.50 Direct materials (wax) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($10,000+ 40,000 units) Sweetly Sent has the following actual results for the month of February: 38,500 583,000 Number of units produced and sold Number of ounces of wax purchased and used Cost of wax used Standard Quantity 15 ounce 0.25 hour 0.25 hour Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost $ 37,895 9,900 $ 136,620 $ 3,630 $ 9,900 Standard Price (Rate) $ 0.05 per ounce $14.00 per hour $0.40 per hour Required: 1. Calculate the direct materials price, quantity, and total spending variances for Sweetly Sent. 0.10 0.25