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all requirements please Earthem Ware is a manufacturer of large fower pots for urban settings. The company has these standards: [Cick the icon to view
all requirements please
Earthem Ware is a manufacturer of large fower pots for urban settings. The company has these standards: [Cick the icon to view the standards.) (Cick the icon to viow the actual results.) Read the requitements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Entor the variances as potitive numbers. Einter the curency amounts in the formulas to the nearest cent, then round the frat variance amounts to the nearest whole dollar Label the variance as favorable (F) or urtavorable (U). Abbreviations used: DL = Direct labor) Begin with the direct labor rase variance. Firat determine the formula for the rate variance, then compute the rase variance for direct labor. n(1n(=[=I)=DLralevariance Requirements Standard Price and Volume 1. Compute the direct labor rate variance and the drect labor etliciency varlance. 2. What is the total variance for direct labor? 3. Who is generaly responsible for each variance? 4. Interpret the variances. Actual Results Step by Step Solution
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