E7-28 (similar to) Question Help Donna Dee, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Donna Dee's May 2017 static budget and actual results for direct inputs are as follows: B (Click the icon to view the data.) i (Click the icon to view additional information.) Read the requirements Results 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) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) Actual Price Actual Input Qty x Data Table May 2017 Variance Budgeted Price Units 625 Direct materials 8125 325 F 7800 Static Budget Direct labor 1062.5 42.5 1020 Number of jacket lots (1 lot = 1 dozen) 600 Total variance 537.5 F Per Lot of Jackets: Direct materials 13 yards at $1.60 per yard = $20.80 Direct manufacturing labor 1.7 hours at 58.20 per hour = $13.94 Actual Results Number of jacket lots sold 625 Total Direct Inputs: Direct materials 9,375 yards at $1.80 per yard = $16,875.00 Choose from any list or enter any number in the input fields and then click Check Answe Direct manufacturing labor 938 hours at $8.30 per hour = $7,785.40 F