Elyance is a mandactueer of large flower pots for utban sepings. The compary tas these Mandards TH (Cick the leten to ven the standarts.1 (Cich the iech sa vere the actaal tesuts) Reos the tequictinects Begn wh the sirect labor rate variance Fint botemine the formula lor twe rabe variance, then compute the rato varisnoe for dimet iaboe: 5 a manufacturer of large flower pots for urban settings. The company has these standards: the icon to view the standards.) (Click the icon to view the actual results.) equirements. Actual Results the currency amou pirect labor) (Click the icon to view the actual results.) irements. 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency Requirements 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? 4. Interpret the variances