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D22 123 4 18 5 Direct materials: 6 Direct labor: 7 Variable overhead (based on labor hours); 8 9 Budgeted production for the month 10 Actual production for the month 11 12 Actual Costs Incurred to Produce 13,500 units: 13 Direct Materials Purchased and Used 14 Direct Labor Paid 15 Variable Overhead Incurred 16 17 21 X fx

The standard cost card for a single unit of Robinson, Incorporated's products is shown below. \begin{tabular}{|c|c|c|c|c|} \hline & Standard Quantity & \multicolumn{2}{|c|}{ Standard Price/Rate } & Standard Unit Cost \\ \hline Direct materials: & 2.5 yards (i) & $8.00 & per yard & $20.00 \\ \hline Direct labor: & 0,5 hours & $18.00 & per hour & 9.00 \\ \hline Variable overhead (based on labor hours): & 0.5 hours @ & $10.00 & per hour & 5.00 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Budgeted production for the month & 14,000 & units \\ \hline Actual production for the month & 13,500 units \\ \hline \end{tabular} 1. Compute the direct material, direct labor and variable owerhead variances. Complete the following table comparing actual costs to the flexible budget and masteffudget. Use formulas for the spending and volume variances so that appear as a negative number if untavorable and a positive number if favorable. Note: Use cell A2 to A15 from the given information to complete this question. Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for the spending and volume variances so that variance wil appear as a negative number if unfavorable and a positive number if favorable. 9 Note: Use cell A2 to A15 from the given information to complete this

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