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Crane, Ltal manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Sandy Robison, operations manager, was reviewing the results for Nowember when he became upset by the unfavorable variances he Was seing: In an attempt to understand what had happened, Sandy asked CFO Sury Summers for more information. 5 he provided the foliowing overthead budgets, along with the actual results for November, The company purchased 80,500 yards of tabric and used 92.100 yards of fabric during the month. Fabric purchases turing the month were made at $2.80 per yard. The direct labor payroll ran $441.000, with an actual hourly rate of $12.25 per di rect labor houir The annual budinets werebased on the production of 585.000 shirts. using 435.000 direct labor hour . Though the budiget for November was tased on 44.000 shirts, the comelany actually produced 40.500 shirts duriog the month. Variable Overhead Bunlest (a) Calculate the direct materials price and quant ify variances for November, fif volince fir asse, select "Wot Applicable" and witer Ofor the amountid selact "Tat Aoplicabie' and enter Ofor the onounte; warlance is zero, select 'Not Applicable" and enter O for the amounts) (d) Calculate the fixed overhead ipending variance for November. Round armwer to O decinal places es. 125. If variance is zeru select. 7hot Aoplliobble" and enter O for the amountr) Fixed overhead spending variance

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