Direct materials Actual Costs Incurred Budgeted Price Flexible 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. Direct Manuf. Labour Actual Input Qty. Actual Costs x Flexible Incurred Budgeted Price Budget 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 i Data Table - + Data Table At the beginning of 2017, DDC budgeted annual production of 410,000 doorknobs and adopted the following standards for each doorknob: Actual results for April 2017 were as follows: Production - Input Cost/Doorknob 33,000 doorknobs Direct materials (brass) 0.3 kg. @ $10/kg. $ 3.00 Direct materials purchased 13,000 kg. at $11/kg. Direct manufacturing labour 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 Print Done