Ceramics Etc. 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. 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 cent, then round the final 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 labor. DL rate variance Ceramics Etc. 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. - X Requirement 1. Compu in the formulas to the nel Abbreviations used: DL Standard Price and Volume the currency amounts vorable (U). Begin with the direct lab Direct materials (resin) Direct labor 10 pounds per pot at a cost of $4.00 per pound 3.0 hours at a cost of $20.00 per hour . $3.00 per direct labor hour $27,200 . $8.00 per direct labor hour (DLH) Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate Print Done Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to vi Read the requirements - Actual Results Requirement 1. Comp in the formulas to the nl Abbreviations used: D4 he currency amounts Vorable (U). Begin with the direct la Ceramics Etc. 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 1,300 flower pots: Purchased 14,610 pounds at a cost of $4.10 per pound; Direct materials used 13,910 pounds to produce 1,300 pots Worked 3.2 hours per flower pot (4,160 total DLH) at a Direct labor cost of $19.00 per hour Actual variable manufacturing $3.50 per direct labor hour for total actual variable overhead manufacturing overhead of $14,560 Actual fixed manufacturing overhead $26,700 Standard fixed manufacturing overhead allocated based on actual production $31,200 Print Done Ceramics Etc. 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. Requirement 1. Compute the di in the formulas to the nearest ce Abbreviations used: DL = Direct ys. Enter the currency amounts x P) or unfavorable (U). - Requirements Begin with the direct labor rate y r. 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. Print Done
