Country Designs 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 forthe rate variance, then compute the rate variance for direct labor DL rate variance = Now compute the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor. DL efficiency varlance Requirement 2. What is the total variance for direct labor? (Enter the amount as a positive number. Label the variance as favorable (F) or unfavorable (U)) The total variance for direct labor is Requirement 3. Who is generally responsible for each variance? The Requirement 4. Interpret the variances. | department is responsible for the labor rate variance. The department is responsible for the labor efficlency variance. labor rate variance means that Country Designs employees earnedper hour than budgeted