accounting help for accountsguru only

Costello Corporation manufactures a single product. The standard cost per unit of product is shown below.Direct materials—2 pound plastic at $6.52 per pound $ 13.04Direct labor—2.50 hours at $12.00 per hour 30.00Variable manufacturing overhead 20.00Fixed manufacturing overhead 20.00Total standard cost per unit $83.04The predetermined manufacturing overhead rate is $16 per direct labor hour ($40.00 ÷ 2.50). It was computed from a master manufacturing overhead budget based on normal production of 15,000 direct labor hours (6,000 units) for the month. The master budget showed total variable costs of $120,000 ($8.00 per hour) and total fixed overhead costs of $120,000 ($8.00 per hour). Actual costs for October in producing 4,100 units were as follows.Direct materials (8,350 pounds) $ 56,446Direct labor (10,130 hours) 125,004Variable overhead 121,194Fixed overhead 44,956    Total manufacturing costs $347,600The 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. (Round answers to 0 decimal places, e.g. 125.)Total materials variance $Materials price variance $Materials quantity variance $Total labor variance $Labor price variance $Labor quantity variance $(b) Compute the total overhead variance.Total overhead variance $ 

Click here if you would like to Show Work for this question