Dora De, le designs and manufactures freece quarter 2p jackets. I sell its jackets to brand name outdoor outlers in lots of credozen Donna Dee's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the dots) Click the icon to view additional information) Read the requirements Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017 What is the total flexible budget variance for both inputs (direct materials and direct manufacturing labor) contine? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Bogh by calculating the direct material and Grect manufacturing labor price and eficiency variances in May 2017. Complete the actual results, price variance, and cost columnes, then the efficiency variance and fosible budget con Label each variance as favorable or unfavorable. (Round all answers to the nearest cant) Actual Price Actual Input Oy Efficiency Flexible May 2017 Results Variance Budgeted Price Variance Budget Units Direct materials Director Total variance The total leblebulgot variance for both inputs (direct materials and direct manufacturing labor combinedis This walance of the total cost of direct materials and direct manufacturing The total flexible budget variance for both inputs (direct materials and direct manufacturing labor) combined is $ This variance is of the total cost of direct materials and direct manufacturing labor in the flexible budget (Hound the variance to the newestcent and the percentage to two decimal places, XXX) Requirement 2. Comment on the May 2017 results. Would you continue the experiment of using the new material OA chances have improved in the direction indicated by the production manager but Donna Der should not continue to use the new material. Use of the new material would require a change to the standard material price since the new material costs more than the old Making this change to the cost accounting system is complex and very expensive OB Efficiencies have declined although the production manager had indicated they would improve. Although the new material has superior quality and fool Donna Dee should not continue to use the new material in light of the unfavorable officiencies OC. Efficiencies have improved in the direction indicated by the production manager Donna Dee should not continue to use the new material though since the overall fiency variance is still unfavorable OD Eficiencies have improved in the direction indicated by the production manager but it is unclear whether they we trend or a one-time occurrence Donna Dee should continue to use the new material especially in light of its superior quality and fool but it may want to re-examine the standard material price since the new material costs more than the old to bend tic budget and act arter-zip japote con to view i Data Table rect manute tal cost of oth inputs (direct ma 650 anufacturin rable. (Rou columns, then the 13 yards at $1.30 per yard = $16.90 17 hours at S7 90 per hour = $13.43 Static Budget Number of jacket lots (1 lot = 1 dozen) Per Lot of Jackets: Direct materials Direct manufacturing labor Actual Results Number of jacket lots sold Total Direct Inputs: Direct materials Direct manufacturing labor 675 10,125 yards at $1.50 per yard = $15,187.50 1.013 hours at $8.00 per hour = $8.104.00 ect material