A4:F119Turkey Corp est+A4:F30ablied the following monthly standards per unit of its 10,000 unit budgeted production. Input Price Input Qty per Unit of Output Per Unit Cost at 10,000u Total Budget Cost at 10,000u Direct Material Direct Labor $4.40 $31.00 per lb 11 $48.40 $484,000.00 per hour 0.6 $18.60 $186,000.00 Fixed Overhead $210,000 total n/a $21.00 $210,000.00 This month Turkey Corp had the following results. Direct Material Direct Labor Fixed Overhead Output Activity 105,000 lbs Actual Cost 4,900 hrs 9,850 units ssss $ 465,000 $ 154,350 $ 195,000 $ 814,350 51 Volume Variance Method 1 Method 2 Efficiency Variance Method 1 Method 2 Rate Variance Method 1 Method 2 What are the Direct Labor Variances? Complete both methods. Indicate if they are Favorable or Unfavorable. "Output Flex Budget": the standard amount they would have expected to pay for the actual output - "Master (Static) Budget": the amount they originally expected to pay for expected output =Volume Variance [+ More Cost Spent / - Less Cost Spent] (For U ) How many extra or (fewer) units were requested by the Sales Manager? x How much direct labor ($) did they expect to spend per unit? = Volume Variance [+ More Cost Spent/ - Less Cost Spent] (For U) "Input Flex Budget": the amount they would have expected to pay on the hours of direct labor used - "Output Flex Budget": the standard amount they would have expected to make the actual output = Efficiency Variance [+ More Hours Used / - Fewer Hours Used] (For U) How much direct labor (hours) did the Production Manager use? - How much labor (hours) should the Production Mgr have used to fulfill the Sales Mgr's actual output? = Excess or (Savings) of Input Quantity Used x How much $ did they expect to spend per hour of labor? = Efficiency Variance [+ More Hours Used / - Fewer Hours Used] (For U) "Actual": the amount that the company spent on the direct labor used -"Input Flex Budget": the amount they would have expected to pay on the hours of direct labor used = Rate Variance [+ More Cost/ - Less Cost] (For U) How much did they pay per hour of direct labor