CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards (Click the icon to view the standards.) Read the requirements (Click the icon to view the actual results) Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cant, then round to variance amounts to the nearest whole dollar Label the variance as favorable (F) or unfavorable (U) Abbreviations used DL-Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labot DL rate variance Standard Price and Volume Direct materials (resin). Direct labor.... Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate. 11 pounds per pot at a cost of $6.00 per pound 2.0 hours at a cost of $10.00 per hour 56.00 per direct labor hour $31.200 $11.00 per direct labor hour (DLH) Print Done Actual Results CenterWare allocated foxed manufacturing overhead to production based on standard direct laber hours Last month, the company reported the following actual results for the production of 1,600 flower pots Direct materials Direct labor, Actual variable manufacturing overhead Actual fixed manufacturing overhead Standard fixed manufacturing overhead allocated based on actual production.. Purchased 19,040 pounds at a cost of $6.40 per pound used 18,240 pounds to produce 1.600 pots Worked 2.5 hours per flower pot (4.000 total DLH) at a cost of $15.00 per hour $6.20 per direct labor hour for total actual variable: manufacturing overhead of $24.000 $31,000 $35.200