Dankel, Inc. is a privately held furniture manufacturer. For August 2020. Dankel had the following standards for one of products, a wicker chair: Click the icon to view the standards per chair) The following data were compiled regarding actual performance actual output unts (chairs) produced, 2,100 square yards of input purchased and used 6,000, price per square yard. 36.00, direct manufacturing labor costs $10,878; actual hours of input, 980;labor price per hour. $11.10. Requirement 1: Compute the price and efficiency variances for direct materials and direct manufacturing labor. Label each variance as favorable (F) or unfavorable (U). Efficiency Price variances Variances Direct materials Direct manufacturing labor Requirement 2. Suppose 8.300 square yard U torials were purchased at $6.00 per square yard), even though only 6,000 square yards were used. Suppose further that variances are identified at the most timely control point, accordingly, direct mater F e variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department Compute the direct materials price and efficiency variances under this scenario. Labelcach variance as favorable (F) or unfavorable (U). Prire Ekran Requirement 2. Suppose 8,300 square yards of materials were purchased at $6.00 per square yard), even though only 6.000 square yards were used. Suppose further that variances are identified at their most timely control point accordingly, direct materials price variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department Compute the direct materials price and efficiency variances under this scenario Labelcach variance as favorable (F) or unfavorable (U) Price Efficiency variance variance Direct materials Choose from any list or enter any number F put fields and then continue to the next question . Type here to search RI 37 PM 10/27/2020 t 2020, Dankel had the following standards for one of its products, a wicker chair: actual output units (chairs) produced, 2,100; square yards of input purchased and use $11.10. Data Table > Direct materials Standards per Chair 3 square yards of input at $5.80 per square yard 0.5 hour of input at $10.90 per hour Direct manufacturing labor Print Done 43 Varm Fields and then continue to the next question O BE DELL F6 F8__ F9