Answer Happy

Bonita Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6.00 per pound Direct labor-2.50 hours at $11.30 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Direct materials (4,710 pounds) Direct labor (11,400 hours) Variable overhead Fixed overhead Total manufacturing costs $ 29,202 132.240 85,098 The predetermined manufacturing overhead rate is $10 per direct labor hour ($25.00+2.50). It was computed from a master manufacturing overhead budget based on normal production of 14,500 direct labor hours (5,800 units) for the month. The master budget showed total variable costs of $101.500 ($7.00 per hour) and total fixed overhead costs of $43,500 ($3.00 per hour). Actual costs for October in producing 4,600 units were as WS. 32,202 $6,00 28.25 $278,742 17.50 7.50 $59.25 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance (b) $ Total overhead variance $ $ $ $ $ $ Compute the total overhead variance.