Direct materials standard $3\mathrm{.}0$ pounds at $$18\mathrm{.}00$ per pound Direct manufacturing labor standard $2\mathrm{.}0$ hours at $$36\mathrm{.}00$ per hour$(15$ points$)$ Gonzalez uses a standard cot system with the following information:

Direct materials standard

Direct manufacturing labor standard

$3\mathrm{.}0$ pounds at $$18\mathrm{.}00$ per pound

$2\mathrm{.}0$ hours at $$36\mathrm{.}00$ per hour

During the period $4,600$ units were completed. Cost to purchase raw materials was $$257,600$ at $$20$ per

pound. Direct labor worked $9,500$ hours at a rate of $$32\mathrm{.}00$ per hour.

a$.$ Calculate the direct materials price, efficiency, and flexible budget variances.

b$.$ Based on your analysis above provide one possible cause or driver for the direct materials price

variance. Be specific.

c$.$ Calculate the direct labor price, efficiency, and flexible budget variances.

During the period $4,600$ units were completed. Cost to purchase raw materials was $$257,600$ at $$20$ per pound. Direct labor worked $9,500$ hours at a rate of $$32\mathrm{.}00$ per hour.