The roofing company manufactures shingles. Standard Cost Sheet Per Shingle Budgeted fixed manufacturing for the period i

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The roofing company manufactures shingles.
Standard Cost Sheet Per Shingle
Budgeted fixed manufacturing for the period is $60,350
Budgeted units to be produced is 600,000 units
Standard fixed manufacturing overhead based on expected capacity
of 6000 direct labor hours
The following information is available regarding the company's
actual operations for the period
1. Calculate the direct materials price and quantity variance.
Material price should be based on material purchased, since you
want to isolate the variance as soon as possible. Material Quantity
variance should be based on materials used, since this is
monitoring the production efficiency.
Material purchase price variance:
Material Quantity variance:
2. Calculate the direct labor and efficiency variances
Labor rate variance
Labor Efficiency Variance
3. Variable manufacturing overhead spending and efficiency
variances.
Variable overhead spending variance
Variable overhead efficiency variance
4. Fixed manufacturing overhead budget variance.
5. Pick out the two variances that you have computed above that
you think should be further investigated. Explain why you picked
these two variances and what might be the possible cause of the
variances.