problem 24.4b please help PROBLEM 24.4B Hans Enterprises is a large producer of birdseed. During June, the company produced 160 Computing and Journalizing Cost Variances 60 batche of crow bait. Each batch weighs 1,000 pounds. To produce this quantity of output, the purchased and used 170,000 pounds of direct materials at a cost of $816,000. It also incured á labor costs of $20,000 for the 2.500 hours worked by employees on the crow bait crew turing overhead incurred at the crow bait plant during June totaled $4.200, of which also incurred direct Man $3,100 was )-pound batch of crow bait is as considered fixed. Hans\'s standard cost information for each 1,000-pound batch of crow bait is follows: Direct materials standard price Standard quantity allowed per batch Direct labor standard rate Standard hours allowed per batch . $5.00 per pound 1,025 pounds $8.25 per hour . .. . .. . ...15 direct labor hours $3,200 per month . . . . .150 batches per month $10.00 per batch . . .. . Normal level of production .. . Variable overhead application rate Fixed overhead application rate .. . ($3,300+150 batches) . Total overhead application rate 22.00 per batch $32.00 per batch Solution Material Price variance StandardPrice of material Actual Cost Variance AQ 170000*5 Given 850000 816000 34000 Favorable Variance Quantity Variance Standared Rate*SQ =5*1025*160 Actual Q *standard rate =170000*5 Variance 820000 850000 -30000 Unfavorable Variance Labor rate Variance Standared Labor Cost Actual Labor Cost Variance 8.25*2500 Given 20625 20000 625 Favorable Variance Efficiency Variance Standared Hour *standared rate Actual Hour * Standard rate Variance 19800 20625 -825 Unfavorable Variance Mnaufacturing Overhead spending Variance standard Variable +fixed overhead Given 4800 4200 600 Favorable Variance Volume Variance 4800 5120 320 Favorable Variance DR CR Work in Progress 820000 Quantity Variance 30000 Material Price variance 34000 Direct Material 816000 Work in Progress 19800 Efficiency Variance 825 Labor rate Variance 625 Direct labor 20000 Work in Progress 4800 Mnaufacturing Overhead spending Variance 600 Manufacturing Overhead 4200 Finished goods 844600 Work in Progress 844600 over applied overhead 600 Cost of goods sold 600.