E11-28A (similar to) Question Help i Actual Results CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct material price variance and the direct material quantity variance. 2. Who is generally responsible for each variance? 3. Interpret the variances. Center Ware allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,200 flower pots: A Standards Direct materials (resin)... ..... 16 pounds per pot at a cost of $5.00 per pound Direct labor .......... 2.0 hours at a cost of $15.00 per hour Standard variable manufacturing overhead rate .............. $6.00 per direct labor hour Budgeted fixed manufacturing overhead .........$18,200 Standard fixed MOH rate ........................ $8.00 per direct labor hour (DLH) Direct materials .. Purchased 19,840 pounds at a cost of $5.40 per pound; used 19,440 pounds to produce 1,200 pots Direct labor .................... Worked 2.3 hours per flower pot (2,760 total DLH) at a cost of $14.00 per hour Actual variable manufacturing overhead.... . $6.60 per direct labor hour for total actual variable manufacturing overhead of $18,216 Actual fixed manufacturing overhead ....... $18,000 Standard fixed manufacturing overhead allocated based on actual production ....... $19,200 Print Done Print Print Done Done Choose from any list or enter any number in the input fields and then click Check