Damico, Inc is a privately hold furniture manufachret For August 2017. Danice doing standards for one of the products a wicker chat mid the con to www.hewandens pechal The following data were comptedregading to performanor actual per unes (chairs) perduced, 3000, que yada inper purchased and med 1.600 price per sumy 5670 Grect rancang labore acl hours of input 970 tabor price per how $10.20 Requirement 1. Show companion price and cancy variance fu direct materials and conductang later Chea plante planten dych variance accurat Les begin to the forma de todo escuchs of Greatment. The entre amounts on the form and ecout AC Achat Derect me STO Next we will be the bed price out Bude C EGO B600 YTU X Read the requirements Direct manufacturing labor TU VU 9.00 Determine the formula and calculate the costs for the flexible budget Budgeted input for actual output X Budgeted price Flexible budget cost Direct materials 5.60 Direct manufacturing labor 10.00 Now compute the price and efficiency variances for direct materials and direct manufacturing labor Label each variance as favorable (F) or unfavorable (U). Price Efficiency variances variances Direct materials 860 U F Direct manufacturing labor 194 F F X METROSUR Requirement 2. Suppose 11,100 square yards of materials were purchased (87 per and though only one weed support the thrones tied at the most point, accordingly, died materials price variances are holated and braced at the new pude the purchasing department that the production department Complete proficiency winder approach Begin with recalculating the costs using the information provided for the alternative approach Actuat input Actual con Budgeted Flexible cost Purchasing Pro Now compute the material price and checy variantes Labelcach variance in favorable avbe (U) Read the requirements wowo Begin with recalculating the costs using the information provided for the alternative approach Actual input X Actual cost Budgeted price Flexible budget cost Purchasing Production Now compute the direct materials price and efficiency variances Label each variance as favorable (F) or unfavorable (U) Price Efficiency variance variance Direct materials F Damico, Inc is a privately hold furniture manufachret For August 2017. Danice doing standards for one of the products a wicker chat mid the con to www.hewandens pechal The following data were comptedregading to performanor actual per unes (chairs) perduced, 3000, que yada inper purchased and med 1.600 price per sumy 5670 Grect rancang labore acl hours of input 970 tabor price per how $10.20 Requirement 1. Show companion price and cancy variance fu direct materials and conductang later Chea plante planten dych variance accurat Les begin to the forma de todo escuchs of Greatment. The entre amounts on the form and ecout AC Achat Derect me STO Next we will be the bed price out Bude C EGO B600 YTU X Read the requirements Direct manufacturing labor TU VU 9.00 Determine the formula and calculate the costs for the flexible budget Budgeted input for actual output X Budgeted price Flexible budget cost Direct materials 5.60 Direct manufacturing labor 10.00 Now compute the price and efficiency variances for direct materials and direct manufacturing labor Label each variance as favorable (F) or unfavorable (U). Price Efficiency variances variances Direct materials 860 U F Direct manufacturing labor 194 F F X METROSUR Requirement 2. Suppose 11,100 square yards of materials were purchased (87 per and though only one weed support the thrones tied at the most point, accordingly, died materials price variances are holated and braced at the new pude the purchasing department that the production department Complete proficiency winder approach Begin with recalculating the costs using the information provided for the alternative approach Actuat input Actual con Budgeted Flexible cost Purchasing Pro Now compute the material price and checy variantes Labelcach variance in favorable avbe (U) Read the requirements wowo Begin with recalculating the costs using the information provided for the alternative approach Actual input X Actual cost Budgeted price Flexible budget cost Purchasing Production Now compute the direct materials price and efficiency variances Label each variance as favorable (F) or unfavorable (U) Price Efficiency variance variance Direct materials F