Goldman, Inc., manufactures lead crystal glasses. Goldman, Inc.'s managers recently calculated the following: Variances after completing production of 7,000 glasses: Direct materials cost variance $980 U Direct labor cost variance $8,400 F Direct materials efficiency variance $1,400 U Direct labor efficiency variance $10,500 u Read the requirements. Requirement 1. For each variance, who in Goldman, Inc.'s organization is most likely responsible? Direct materials cost variance Direct materials efficiency variance Direct labor cost variance Direct labor efficiency variance Requirement 2. Interpret the direct materials and direct labor variances for Goldman, Inc.'s management. Goldman, Inc., manufactures lead crystal glasses. Goldman, Inc.'s managers recently calculated the following Variances after completing production of 7.000 glasses Direct materials cost variance $980 U Direct labor cost variance $8.400 F Direct materials efficiency variance $1.400 U Direct labor efficiency variance $10.500 U Read the requirements Utrec premcency vanance Requirement 2. Interpret the direct materials and direct labor variances for Goldman, Inc.'s management The 5980 unfavorable direct materials cost variance indicates that the actual direct materials cost per pound was than the standard cost per pound. This Goldman, Inc.'s operating income by $980 The 51,400 unfavorable direct materials efficiency variance indicates that the actual pounds used was than the total pounds allowed to manufacture the 7,000 glasses. This Goldman, Inc's operating income by 51,400 The S8400 favorable direct labor orice variance means that Goldman Inc.'s emelovees were said per hour than budovted. This Goldman Ine's coerating income bv Choose from any drop-down list and then continue to the next question Goldman, Inc, unachures lead crystal glasses. Goldman, Inc's managers recently calculated the following Variances wer completing production of 7.000 glasses Direct materials costvariance DU Director contrace 38.400 F Direct materials efficiency variance $1400 U Direct labor efficiency wariance $10.500U Read the requirements operating income by $980 The 51400 untavorable direct materials officiency variance indicates that the actual pounds used was on the total pounds allowed to manufacture the 7,000 glasses. This Goldman, Inc.'s operating income by $1,400 The 58,400 favorable direct labor price variance means that Goldman, Inc.'s employees were paid per hour than budgeted. This Goldman, Inc.'s operating income by 58.400 The $10.500 unfavorable direct labor efficiency variance means that actually look direct labor hours than were budgeted to produce 7.000 glasses This Goldman, Inc.'s operating income by 510,500 Choose from any drop-down list and then continue to the next question asses: 0 Requirements va 1. For each variance, who in Goldman, Inc.'s organization is most likely responsible? 2. Interpret the direct materials and direct labor variances for Goldman, Inc.'s management ne Print Done ria