Amy Dee, Inc design and manufactures fece quar t ies jackets to brandame Question door hersins of one on Amy Does May 2017 a budget and all results for direct e Requirement 1. Calculate the direct materials and direct manufacturing born and concernances May 2017 whats u wanaoe n de Begin by calculating the direct materials and manufacturing labor price and efficiency variances in May 2017 Complete the actualus.prc variance and color exible budget columns Label nach variance as favorable or unfavorable Hound answers to the nearest cant) hen the cereyance and Actual May 2017 Results Varance Actual input Oy Budgeted Price Units Direct Direct labor Ck Le Com View additional information.) * Data Table and direct tage is this ce for bc direct manu as favorabil and cost 400 Price riance 12 yards at $1.80 per yard = $21.60 1.5 hours at $8.10 per hour = $12.15 Static Budget Number of jacket lots (1 lot = 1 dozen) Per Lot of Jackets: Direct materials Direct manufacturing labor Actual Results Number of jacket lots sold Total Direct Inputs: Direct materials Direct manufacturing labor 425 5,950 yards at $2.00 per yard = $11.900.00 553 hours at $8.20 per hour = $4,534.60 Print Done er in the input fields and then click Check Answer. Clear All anufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget va riance of the total cost of direct materials and direct manufacturing labor in the flexible budget? tul i More Info Amy Dee has a policy of analyzing all input variances when they add up to more than 8% of the total cost of materials and labor in the flexible budget, and this is true in May 2017. The production manager discusses the sources of the variances: "A new type of material was purchased in May. This led to faster cutting and sewing, but the workers used more material than usual as they learned to work with it. For now, the standards are fine." Print Done jelds and then click Check Answer manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance s variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? i Requirements x hd Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? 2. Comment on the May 2017 results. Would you continue the "experiment" of using the new material? Print Print Done Done