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McDormand, Inc, reported a $2,600 unfavorable price variance for variable overhead and a $26,000 unfavorable price variance for fixed overhead. The flexible budget had $1,042,200 variable overhead based on 34,740 direct labor-hours; only 34,020 hours were worked. Total actual overhead was $1797,200. The number of estimated hours for computing the fixed overhead application rate totaled 37,400 hours Required: a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis Complete this question by entering your answers in the tabs below. Required A Required B Prepare a variable overhead analysis. (Do not round intermediate calculations. Indicate the effect of each variance by selecting '' for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Price variance Efficiency variance Variable overhead cost variance Required> MEDormand, Inc., reported a $2,600 unfavorable price variance for variable overhead and a $26,000 unfavorable price variance for fixed overhead. The flexible budget had $1,042,200 variable overhead based on 34,740 direct labor-hours; only 34,020 hours were worked. Total actual overhead was $1,797,200. The number of estimated hours for computing the fixed overhead application rate totaled 37,400 hours Required: a. Prepare a variable overhead analysis, b. Prepare a fixed overhead analysis. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a fixed overhead analysis. (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option) Price variance Production volume variance Fived overhead cost variance Required A Requires Griffen Company makes pipe using metal. The company uses a standard costing system. Vorlable overhead is allocated on the basis of direct material usage (pounds). Overhead is allocated to units based on expected production of 13,000 units. Griffon maintains a materials inventory, so the amount of material used is not necessarily the same as the amount of material purchased in any one month, The standard cost sheet for a unit of pipe follows. Direct material Direct labor Variable overhead Fixed overhead 10 pounds $12 6 hours $29 10 pounds $6 $120.00 174.00 60.00 24.00 $378.00 August financial results show that the average purchase price of metal was $12.50 per pound. The purchase price variance $34.770 unfavorable. The variable overhead efficiency variance was 9,000 unfavorable. Good output produced totaled 16,000 units. Required: a. How many pounds of metal were purchased in August? (Do not round intermediate calculations.) b. What was the direct material efficiency variance in August? (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) c. How many pounds of metal were used in August? (Do not round intermediate calculations.) pounds a Metals purchased 5. Elciency variance c Metals used pounds