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The standard cost sheet for Chambers Company, which manufactures one product, follows:Direct labor, 4 hours...

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Accounting

The standard cost sheet for Chambers Company, which manufactures one product, follows:Direct labor, 4 hours at $25 per hour
Factory overhead applied at 80% of direct labor
(variable costs = $70; fixed costs = $10)80
Variable selling and administrative 70
Fixed selling and administrative 46
Standards have been computed based on a master budget activity level of 29,400 direct labor-hours per month. Actual activity for the
past month was as follows:Direct labor 30,0\theta hours at $27.00 per hour
Total factory overhead $62\theta,0
Production 7,20 unitsRequired:
Prepare varlance analyses for the varlable and fixed costs. Materlals are purchased as they are used. (Do not round Intermedlate
calculations. Indlcate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not
select elther option.)
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