FlowerMate is a manufacturer of large flower pots for urban settings. The company has thote standards 22. (Click the icon to view the standards.) Click the icon to view the actual results.) Read the recimento Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, the round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations und DL - Direct labor) Begin with the direct loborrate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor, DL rate variance Now computo the direct labor eficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor DL efficiency variance Requirement 2. What is the total variance for Grect labor? (Enter the amount as a ponte number. Label the variance as favorable (F) or unfavorable (U)) Choose from any liat or enter any number in the input fields and then continue to the next question, 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. ar Print Done GRATIA NAGTITUTO PERO COROLIRAVOROTNO OG Tuaranto 12 pounds per pot at a cost of $5.00 per Direct materials (resin) pound Direct labor. 2.0 hours at a cost of $16.00 per hour Standard variable manufacturing overhead rate ..... $3.00 per direct labor hour Budgeted fixed manufacturing overhead. $10,000 Standard fixed MOH rate... $5.00 per direct labor hour (DLH) ... Print Done ct ha ja FlowerMate 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 1,300 flower pots: Purchased 16,720 pounds at a cost of $5. 10 per pound; Direct materials.. used 16,120 pounds to produce 1,300 pots Worked 2.5 hours per flower pot (3,250 total DLH) at a Direct labor.. cost of $14.00 per hour Actual variable manufacturing $3.40 per direct labor hour for total actual variable overhead. manufacturing overhead of $11,050 Actual fixed manufacturing overhead $9,500 Standard fixed manufacturing overhead allocated based on actual production. $13,000 ........ pier x * val Print Done ny