Country Designs is a manufacturer of large flower pots for urban settings. The company has these standards (Click the loon to view the standards.) (Click the lon to view the actual results) Requirements 1. Compute the variable manufacturing overhead variances. What do ench of these variances tell management? 2. Compute the fand manufacturing overhead variances. What do each of these variances tell management? Requirement 1. Compute the variable manutacturing overhead variances. What do each of these variantes del management? (Enter the variances as positive numbers Enter the currency amounts in the formulas to the nearest cent, then the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U)) Bogin by computing the variable manufacturing overhead rate variance. First determine the formula for the me variance, then comput Variable overhead Actual Results rate variance 1 Standard Price and Volume Direct materials (resin) 13 pounds per pot a cost of $400 per pound 4.0 hours at a cost of $1700 per hour Director Standard variable manufacturing overhead rain Budgeted fred manufacturing overhead Standard fred MOH rate Country Design allocated fred manufacturing overhead to production based on Wanderd direct labor hours. Last month, the company reported the following actual results for the production of 1,300 Bower pots Direct materials Purchased 18,510 pounds at a cost of 54.50 per pound Used 17,610 pounds to produce 1,300 pole Decor Worked 4 hours per power pot (5,850 Most of $16.00 per hour Actual va manfacturing overhead... 3720 per direct labor hour for to actual variable manufacturing overhead of $42.120 Actualfeed manufacturing overhead $49.500 Standard manufacturing overhead allocated based on actual production..... 552.000 $7.00 per direct labor hour $50.000 $10.00 per direct labor hour DLH) Pret Done