Classic Music manufactures harmonicas. Classic uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for November exist Classic knows that the total direct labor variance for the month was $380 F and that the standard labor rate was $10 per hour. A recent pay cut caused a favorable laborate variance of $0.80 per hour. The standard direct labor hours for actual November outputs were 5,650 Read the recurements Requirement 1. Find the actual number of direct labor hours worked during November. First find the actual direct labor price rate per hour. Then, determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as given Select the o thecae the actual price per hour Actual direct labor rate per hour M ore TOUS WORU y up W E B Varance given in nown amours, the missing amounts to solve for the actual direct labor hours. Enter the amounts as positive numbers. Label the variance as favorable (F) or unfavorable (1) Classic Music Schedule to Computer Actual Direct Labor Hours Flexible budget Flexible Actual for actual output budget variance Direct labor hours Costerhou Total de labor cos exible budget variance Classic Music manufactures harmonicas. Classic uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for November exist. Classic knows that the total direct labor variance for the month was $380 F and that the standard labor rate was $10 per hour. A recent pay out caused a favorable labor rate variance of $0.80 per hour. The standard direct labor hours for actual November outputs were 5,650. Read the requirements Requirement 2. Compute the direct labor rate and efficiency variances. Do these variances suggest that the manager may have made trade-offs? Explain (Enter the a ces as positive numbers. Enter currency amounts to the nearest cant and your answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable U) Abbreviations used: D = Direct labor) Begin by determining the formula for the price variance, then compute the price variance for direct labor ) DL rate variance I) Now determine the formula for the efficiency variance, then compute the efficiency variance for direct labor DL efficiency variance Do these variances suggest that the manager may have made trade-offs? Explain The direct labor rate variance combined with the direct labor efficiency variance suggests that the manager may have used workers. However, due to the overall net effect, it appears there was . 1. Find the actual number of direct labor hours worked during November. First, find the actual direct labor rate per hour. Then, determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as given. 2. Compute the direct labor rate and efficiency variances. Do these variances suggest that the manager may have made trade-offs? Explain