11-38B (similar to) Question Help the Acorn Restaurant Grove manufactures the bags of the French franchi us were incurred in the planta rate of $1230 per hour. The standard proper pound of po actory should have used 3.000 pounds of potes and 2,200 hours of direct labor s i s e Acom's purchased and 7000 pounds of po w er of 0.75 per pound During the 2.000 director and the ad dresborrate is 12.15 per hour Sundards indicate that for the number of bags of troren tres produced the and the requirements h ere a pour o ther and your equirement. Determine the direct marcandorce Bewoh ace w e nearest whole dollar the varices as favorite Forever Abreviations OM-D egin by determining the formula for the price variance, then compute the price variance for direct materials ) 1)- OM price variance Requirements 1. Determine the direct material price and quantity variances Bewure to label each wrance as favorable or unfavorable 2. Think of a plausible explanation for the variances found in Requirement 3. Dermine the direct laborate and cancy walang Beure to welcach a rines? 4. Could explanation for the labor variances be tied to the m Explain Print Done