ANSWER ALL PARTS

Betty Dee, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor Outfitters in lots of one dozen. Betty Dee's May 2020 static budget and actual results for direct inputs are as follows: () (Click the icon to view the data.) (Click the icon to view additional information.) - X Read the requirements Data Table 400 Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variancesi manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and dire Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest Actual Price Actual Input Qty * May 2020 Results Varlance Budgeted Price Units Direct materials Static Budget Number of jacket lots (1 lot = 1 dozen) Per Lot of Jackets: Direct materials 10 yards at $1.70 per yard = $17.00 2.1 hours at $7.90 per hour = $16.59 Direct manufacturing labor Actual Results Number of jacket lots sold 425 Direct labor Total Direct Inputs: Direct materials Total variance 5,100 yards at $1.90 per yard = $9,690.00 808 hours at $8.00 per hour = $6,464.00 Direct manufacturing labor - X More Info Requirements Betty 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 2020. 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." 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2020. 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 2020 results. Would you continue the "experiment' of using the new material