complete all requirements

Question 3, E7-28 (similar to) , Part 1 of 4 Data table Static Budget Number of jacket lots ( 1 lot =1 dozen) 500 Per Lot of Jackets: Direct materials 10 yards at $1.60 per yard =$16.00 Direct manufacturing labor 1.7 hours at $7.80 per hour =$13.26 Actual Results Number of jacket lots sold 525 Total Direct Inputs: Direct materials 6,300 yards at $1.80 per yard =$11,340.00 Direct manufacturing labor 788 hours at $7.90 per hour =$6,225.20 More info Betty Life has a policy of analyzing all input variances when they add up to more than 8% of the total cost of materials and labor in the flexible budget, and this is true in May 2020. The production manager discusses the sources of the variances: "A new type of material was purchased in May. This led to faster cutting and sewing, but the workers used more material than usual as they learned to work with it. For now, the standards are fine." Requirements 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2020. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? 2. Comment on the May 2020 results. Would you continue the "experiment" of using the new material? diect inputs are as follows: (Click the icon so view the data-) (Cick the loon to viow addtional information) Requirement 1. Golculate the drect malerials and direct manulacturing labor price and elficioncy variances in May 2020. What ia the rotal foxble-budgot variance for both inputs (diruct mathrals Bogin by calculating the drect materials and direct manulacturing labor price and effiency vavances in May zozo, Complate the actial resuts, price variance, and cost columne, then the tificiency variance and nexible budgot columns. Label each variance as Gevorable or untevorable. (Round all answenst to the nearest cect)