1 2 3 4 5 6 7 8 9 10 P O WORDS POWERED BY TINY QUESTION 5 Let's Rock Limited manufactures Rocking Chairs. The primary Direct Material of its most popular model is Pine. The company has set the following Standard Cost for Direct Materials: It takes 20 linear feet of Pine 8 points to produce one Rocking Chair. The Standard Cost of Pine is $1.50 per linear foot. Save Answer Required: The company just completed a production run of 1,000 Rocking Chairs. Total actual Direct Materials used was 21,650 linear feet. The total actual cost of the of the Direct Materials used was $26,600 (i) Calculate the Direct Materials Price and Efficiency Variances (ii) Provide 2 possible explanations for each Variance (iii) What 2 things could you do as a Manager to address both Variances? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt Ev IEv A v & v Ix O WORDS POW P Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air DD A DD DII F9 F7 F8 20 F5 F6 F4 F3 &1 O