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Answer all requirement questions please FlowerMate is a manufacturer of large flower pots for utban settings. The company has these standards (Click the icon to
Answer all requirement questions please
FlowerMate is a manufacturer of large flower pots for utban settings. The company has these standards (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct iabor efficiency variance. (Enter the variances as positive numbers. Emter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest wholo dollar, Label the variance as favorable (F) or unfovorable (U). Abbreviations used. OL = Direct labor) Begin with the drect labor rate variance. First determine the formula for the rate variance, then computo the rate variance for direct labor. 11=OLtatevariance= Requirements 1. Compute the droct labor rate variance and the divect labor eficiency variance. 2. What is the fotal variance for drect labor? 3. Who is generaly responsible for each variance? 4. Interpret the variances Actual Results FlowerMate allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,800 flower pots: Standard Price and Volume FlowerMate is a manufacturer of large flower pots for utban settings. The company has these standards (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct iabor efficiency variance. (Enter the variances as positive numbers. Emter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest wholo dollar, Label the variance as favorable (F) or unfovorable (U). Abbreviations used. OL = Direct labor) Begin with the drect labor rate variance. First determine the formula for the rate variance, then computo the rate variance for direct labor. 11=OLtatevariance= Requirements 1. Compute the droct labor rate variance and the divect labor eficiency variance. 2. What is the fotal variance for drect labor? 3. Who is generaly responsible for each variance? 4. Interpret the variances Actual Results FlowerMate allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,800 flower pots: Standard Price and Volume Step by Step Solution
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