P8-44 (similar to) Question Help The Bartlett Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, Bartlett adopted the olowing standards for its manufacturing costs: Input 5 lb. at $4 per lb. 4 hrs. at $19 per hr. Cost per Output Unit Direct materials Direct manufacturing labor Manufacturing overhead $ 20.00 76.00 ariables $7 per DLH 28.00 40.00 $164.00 Fixed $10 per DLH Standard manufacturing cost per output unit The denominator level for total manufacturing overhead per month in 2017 is 45,000 direct manufacturing labor-hours. Bartlett's budget for January 2017 was based on this denominator level. The records for January indicated the following Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production 39,700 lb. at $4.20 per lb. 37,200 lb. 28,600 hrs. at $18.50 per hr. $700,000 7,400 output units 1. Prepare a schedule of total standard manufacturing costs for the 7,400 output units in January 2017 2. For the month of January 2017, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materials price variance, based on purchases b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Total manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance