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Any help would be appreciated. It a little confusing to me.Thank you. Budgeted Quantity of Direct Materials for Production 960 Budgeted Price of Direct Materials

Any help would be appreciated. It a little confusing to me.Thank you.

image text in transcribed Budgeted Quantity of Direct Materials for Production 960 Budgeted Price of Direct Materials per Pound $ 1,955.00 Budgeted Quantity of Direct Labor Hours Used for Production 829 Budgeted Price of Direct Labor per Hour $ 849.00 Budgeted Units Produced and Sold 21,483 Actual Quantity of Direct Materials Used for Production 944 Actual Price of Direct Materials per Pound $ 1,812.00 Actual Quantity of Direct Labor Hours Used for Production 832 Actual Price of Direct Labor per Hour $ 852.00 WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: QUESTION ONE What is the Direct Manufacturing Labor Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 2 What is the Direct Manufacturing Material Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 3 What is the Direct Manufacturing Labor Efficiency Variance? Record answer in dollars and cents Record whether above answer is "favorable" or "unfavorable here

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