Direct materials Actual Costs Budgeted Price Flexible Incurred Purchases Usage Budget a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labour. Actual Input Qty. Actual Costs Flexible Incurred Budgeted Price Budget Direct Manuf. Labour c. The direct manufacturing labour price variance is d. The direct manufacturing labour efficiency variance is Next complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless Flexible Allocated Incurred of Output Level Budget Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Data Table Data Table Cost/Doorknob Direct materials (brass) Direct manufacturing labour 0.3 kg. @ $10/kg. $ 3.00 At the beginning of 2017, DDC budgeted annual production of 410,000 doorknobs and adopted the following standards for each doorknob: Input Actual results for April 2017 were as follows: 33,000 doorknobs 13,000 kg. at $11/kg. Production Direct materials purchased 1.2 hours @ $15/hour 18.00 Direct materials used 8,600 kgs. Manufacturing overhead: Direct manufacturing labour 29,500 hours for $619,500 Variable $6/kg. x 0.3 kg. 1.80 Variable manufacturing overhead $64,700 4.20 Fixed $14/kg. x 0.3 kg. Fixed manufacturing overhead $152,000 $ 27.00 Standard cost per doorknob on toxt Print Done