do not give solution in image The records of Simon Company show the following for February:Standard labor-hours allowed per unitof outputStandard variable overhead rate perstandard direct labor-hourGood units producedActual direct labor-hours workedActual total direct laborDirect labor efficiency varianceActual variable overheadRequired:$1.50es3260,00092,000$ 1,982,500$38,300 U$ 2,567,500Compute the direct labor and variable overhead price and efficiency variances.(Input all amounts as positive values. Indicate the effect of each variance byselecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance). Do not round your intermediate calculations. Omit the "$" sign in yourresponse.)

Name: do not give solution in image The records of Simon Company show the f
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: do not give solution in image The records of Simon Company show the following for February:Standard labor-hours allowed per unitof outputStandard variable overhead rate perstandard direct labor-hourGood units producedActual direct labor-hours worked

Direct labor variance is the difference between standard direct labor cost for actual production…

Business

Accounting

The records of Simon Company show the following for February: Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead Required: $ 1.50 32 60,000 92,000 $ 1,982,500 $ $ 38,300 U 2,567,500 Compute the direct labor and variable overhead price and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round your intermediate calculations. Omit the "$" sign in your response.)