Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: Standard Price and Volume i Requirements hce. (Enter the favorable (U). 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? en compute the Direct materials (resin)....... ......... 12 pounds per pot at a cost of $5.00 per pound Direct labor .......... 2.0 hours at a cost of $18.00 per hour Standard variable manufacturing overhead rate ............ $6.00 per direct labor hour Budgeted fixed manufacturing overhead ......... $6,000 Standard fixed MOH rate ..... ............. $5.00 per direct labor hour (DLH) i Actual Results Elegance 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: Print Done Direct materials .. Purchased 12,700 pounds at a cost of $5.20 per pound; Used 12,300 pounds to produce 1,000 pots Direct labor Worked 2.5 hours per flower pot (2,500 total DLH) at a cost of $16.00 per hour Actual variable manufacturing overhead ..... $6.50 per direct labor hour for total actual variable manufacturing overhead of $16.250 Actual fixed manufacturing overhead ....... $5,700 Standard fixed manufacturing overhead allocated based on actual production ....... $10,000 Check