Managerial Accounting: P11-1A Stromski Company manufactures a single product

Managerial Accounting
P11-1A Compute Variances
Stromski Company manufactures a single product. The standard cost per unit of product is shown below.

Direct materials-1 pound plastic at $7 per pound    7.00
Direct labor-1.5 hours at $12.00 per hour           18.00
Variable manufacturing overhead                  11.25
Fixed manufacturing overhead                        3.75
Total standard cost per unit                  40.00

The predetermined manufacturing overhead rate is $10 per direct labor hour ($15 /
1.5). It was computed from a master manufacturing overhead budget based on
normal production of 7,500 direct labor hours (5,000 units) for the month.
The master budget showed total variable costs of $56,250 ($7.50 per hour) and
total fixed overhead costs of $18.750 ($2.50 per hour). Actual costs for
October in producing 4,900 units were as follows.

Direct materials (5,100 pounds)                37,230
Direct labor (7,000 hours)                         87,500
Variable overhead                                      56,170
Fixed overhead                                           19,680
     Total manufacturing costs                  200,580

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.

Instructions
Compute the following variances for Stromski Company and indicate whether the variance is favorable or unfavorable (F or U). Round computations and final answers
to 0 decimal places. Show ALL computations or NO credit given.
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