and adopod the following tandards for aach doorknoub: Samuel Thomas is a cost accountant and business analyst for Daly Design Company (DDC) which manulactires expensive brass doodknobe. DOC veea two direct-cost categories. Girect materals and direct manufacturing labor. Thomas feels that manulacturing overhesd is most closely related to material usage. Therefore. DoC allocates manufacturing ovetiead to production based upon pounds of materisis used (Click the icon to view the sthndards) (Csck the icon to view the actual ivsults for Aped) Read the requrements Requirement 1. For the moner of Apra, compuite the verancet, indcaling whether each is taverable (F) or untavorable (U) Belore compiting the variances corwlete the tables below llegin by completing the table for drect materiais. Actuat heut oiy = lludatied a. Direct masorialt price variance foased on purchases) it b. The derect materisk eflicency variance is Now comclete the wable for direct labor c. The direct manufacturing labor price variance is d. The direct manufacturing labor efficiency variance is Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) 0. The variable manufacturing overhead spending variance is 1. The variable manufacturing overhead efficiency variance is Complete the table for foxed overhead. h. The fiaed manulacturng ovechesd spensing variance is Aequirement 2. Can Thombs use any of the variances to help esplain any of the other variances? Give examples The drect mathrow price variance indiahet that obe pald for brass than thoy had planned. Ht this is becauae entey purchased a brat than expected (esdeg to and maletal efficheny variance) In tum, since variable manulacturing eveneas is askigned based en pounde of malerials uaed, Eis drectly lad so the variacle overhead efciency varlance. The purchase of tio quality of brass may also bxilen why 1 took labor time to produce the doorknobs than expected (the (irect labor emitiency variance) Finsly, the direct iabor price verance could inply that the wonens whe wore hired were expedenced than expected, which oouls also be related to the drect material and dreat Woor eficiengy yarlarnos. 1. For the month of April, compute the following variances, indicating whether each is favorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Thomas use any of the variances to help explain any of the other variances? Give examples