May you help my solve this accounting problem ? Thank you Delta Products prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results Variances are analyzed and reported separately There are no materials The following information relates to the current period Standard costs (per unit of output) pn Dieutnter 6 00 burs Sa6.C0 ner hour Factory oveeot arect labor cost) $240 Total standard cost per unit Actual costs and activities for the month follow Matenials used 15.620 gallons at $1.90 per gallon Outpu rsis ,140 units s al 541 00 pr hour $44 450 Actual variable overhcad Required: Prepare a cost variance analysis the variable costs (Do not round intermediate calculations. Indicate the effect of each variance by selecting “F” 1 favorable, or “U” for unfavorable. If there is no effect, do not select either option.) Direct materials Price variance Efficiency variance Direct materials cost vatiance Direrd labor Price variance Eficiency variances Direct labor cnst variance Variable averhead Price variance Efficiency variance Variable overhead cost variance
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