FlowerMate 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 amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used; DL = Direct labor) Begin with the direct labor rate varlance. First determine the formula for the rate variance, then compute the rate variance for direct labor. Requirements Actual Results 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. Standard Price and Volume