Earthern Ware 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.$)$

Read the requirements. variance amount to the nearest whole dollar. Label the variance as favorable $($F$)$ or unfavorable $($U$).$ Abbreviations used: DM $=$ Direct materials$)$

First determine the formula for the price variance, then compute the price variance for direct materials.

$($

$)=$ DM price variance $$

$)=$

Actual Results

Earthern 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 $1,000$ flower pots:

$\backslash$table$[[$Direct materials. $....,\backslash$table$[[$Purchased $9,300$ pounds at a cost of $$3\mathrm{.}20$ per pound;$],[$used $8,500$ pounds to produce $1,000$ pots$]]],[$Direct labor. $....................,\backslash$table$[[$Worked $2\mathrm{.}5$ hours per flower pot $(2,500$ total DLH$)$ at a$],[$cost of $$17\mathrm{.}00$ per hour$]]],[\backslash$table$[[$Actual variable manufacturing$],[$overhead$]],\backslash$table$[[$$$6\mathrm{.}20$ per direct labor hour for total actual variable$],[$manufacturing overhead of $$15,500$ Please solve all of the requirenments for me not just Requirenmt $1!!!$