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  3. fulton company produced 11,000 book bags in june,

Fulton Company produced 11,000 book bags in June, and actual amounts were as follows: ...

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Question

Accounting

Fulton Company produced 11,000 book bags in June, and actual amounts were as follows:
View the actual amounts.
FultonCompany's standards were as follows:
View the standards.
Requirements
Compute cost and efficiency variances for direct materials, direct labor, and variable overhead.
Compute the cost and volume variances for fixed overhead.
Requirement 1. Compute cost and efficiency variances for direct materials, direct labor, and variable overhead. balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) field blank.)
Standard Amounts
Actual Amounts
\table[[Direct materials (cloth),2 yard(s) per book bag @ $1.60 per yard],[Direct labor,0.80 direct labor hours per book bag @ $5.30 per direct labor hour],[Variable overhead,0.80 direct labor hours per book bag @ $1.70 per direct labor hour],[Fixed overhead,\table[[ direct labor hours per book bag @ $6.00 per direct labor],[hour based on expected production of 12,000 book bags)]]]]
\table[[Direct materials (cloth),22,600 yards @ $1.60 per yard],[Direct labor,3,000 hours @ $5.00 per hour],[Variable overhead,$4,900
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