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 requirements. 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, then round the final variance 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 variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. D x D C ) = DL rate variance Requirements X 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. Choose from any list or enter any nur Print Done 5 parts remaining Check Answer F11-45B (similar to) Actual Results i Standard Price and Volume 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: Direct materials (resin) . 10 pounds per pot at a cost of $5.00 per pound Direct labor ...............4.0 hours at a cost of $19.00 per hour Standard variable manufacturing overhead rate ...................... $2.00 per direct labor hour Budgeted fixed manufacturing overhead ......... $42,800 Standard fixed MOH rate ................. $9.00 per direct labor hour (DLH) Direct materials . Purchased 14,150 pounds at a cost of $5.10 per pound; Used 13,650 pounds to produce 1,300 pots Direct labor Worked 4.5 hours per flower pot (5,850 total DLH) at a cost of $18.00 per hour Actual variable manufacturing overhead ... $2.20 per direct labor hour for total actual variable manufacturing overhead of $12,870 Print Done Actual fixed manufacturing overhead ...... $42,100 Standard fixed manufacturing overhead allocated based on actual production ...... $46,800 1. Compute the direct labor rate variance and the direct labor| 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. Choose from any list or enter any nur Print Done Print Done 5 parts vamaining Uneck