E7-28 (similar to) s Question Help Donna Ann, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Donna Ann's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (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) 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 Results Variance Budgeted Price Units Direct materials Static Budget Direct labor 600 Number of jacket lots (1 lot = 1 dozen) Per Lot of Jackets: Total variance Direct materials 13 yards at $1.30 per yard = $16.90 2.3 hours at $8.10 per hour = $18.63 Direct manufacturing labor Actual Results Number of jacket lots sold 625 Total Direct Inputs: Direct materials 9,375 yards at $1.50 per yard = $14,062.50 1,313 hours at $8.20 per hour = $10,766.60 Direct manufacturing labor Choose from any list or enter any number in the input fields and then click Check Answer. ? Print Done 3 parts remaining Check