CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) Click the icon to view the actual results.) Read the requirements. 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 labor. x ) = DL rate variance ( )=[ Standard Price and Volume Direct materials (resin) 15 pounds per pot at a cost of $6.00 per pound Direct labor . 3.0 hours per pot at a cost of $19.00 per hour Standard variable manufacturing overhead rate $4.00 per direct labor hour Budgeted fixed manufacturing overhead . . . . . . . . $38,000 Standard fixed MOH rate $7.00 per direct labor hour (DLH) Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. Actual Results