… has the following standard cost sheet for its mainproduct:

DirectMaterials			2 feetat	$5 perfoot	$10
DirectLabor			0.5 hours at	$10 per hour	$5
Variable overhead			0.5 hours at	$2 per hour	$1
Fixedoverhead			0.5 hours at	$4 per hour	$2
Standardoverhead					18

The fixed and variable overhead rates were based on expectedactivity of 3,200 hours.

During the year, the following actual results were recorded:

Actual resultsfor year:
Production						6,000 units
Directmaterials purchases    11,750 feet purchased -11,000 feet used						61,100
directlabor                             2,900 hours						29,580
variable overhead						6,000
fixedoverhead						10, 500

REQUIRED:

1. Assuming that the company uses a 4-way overhead analysis,compute the following variances for Minnesota Manufacturing
2. Variable overhead spending and efficiency variances
3. Fixed overhead spending (budget) and volume variances
4. Show the journal entries needed to record the application ofoverhead, actual overhead, overhead variances and disposition ofoverhead variances under standard costing
5. Assuming that the company uses a 3-way overhead analysis,compute the spending, efficiency and volume variances.
6. Assuming that the company uses a 2-way overhead analysis,compute the budget variance and volume variance.
7. Compute the direct materials price and usage variances, and thedirect labor rate and efficiency variances.
8. Record all related journal entries for above.
9. Compute all direct-cost variances and record journal entriesfor Standard Costing.