a. What is the flexible-budget variance of the direct materials? Is it F or U? b. What is the flexible-budget variance of the direct manufacturing labor? Is it F or U? c. What is the flexible-budget variance of the direct marketing labor? Is it F or U? d. What is the price variance of the direct materials? Is it F or U? e. What is the price variance of the direct manufacturing labor? Is it F or U? f. What is the price variance of the direct marketing labor? Is it F or U? g. What is the efficiency variance for the direct materials? Is it F or U? h. What is the efficiency variance for the direct manufacturing labor? Is it F or U? i. What is the efficiency variance for the direct marketing labor? Is it F or U?

Q.2) (27 points) The Chair Company produces chairs and has determined the following direct cost categories and budgeted amounts: Standard Inputs Standard Cost for 1 output per input Direct Materials 1.00 $7.50 Direct Labor 0.30 $9.00 Direct Marketing 0.50 $3.00 Actual performance for the company is shown below: Actual output: (in units) 4,000 Direct Materials: Materials costs $30,225 Input purchased and used 3,900 Actual price per input $7.75 Direct Manufacturing Labor: Labor costs $11,470 Labor-hours of input 1,240 Actual price per hour $9.25 Direct Marketing Labor: Labor costs $5,880 Labor-hours of input 2,100 Actual price per hour $2.80 2