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 $900 U Direct labor cost variance 58.400 F Direct materials officiency variance 51.400 U Direct labor efficiency variance $10.500 U Read the requirements Requirement 2. Interpret the direct and direct labor variances for Goldman, Inc.'s management The 5980 unfavorable direct materials cost lance indicates that the actual direct materials cost per pound was than the standard couper pound. This Goldman, Inc.'s operating income by $980 The $1,400 untavorable direct materials eiciency variance indicates that the actual pounds used was than the total pounds allowed to mandacture the 7000 glasses. This Goldman, Inc.'s operating income by $1.400 The $8,400 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 Choose from any drop-down list and then continue to the next question Goldman, Inc., manufactures lead crystal glasses Goldman, Inc.'s managers recently cakulated the following Variances after completing production of 7.000 glasses Direct materials cost variance 5980 U Direct labor cost variance SR 400 F Direct materials efficiency variance $1,400 U Direct labor efficiency variance $10.500 U Read the requirements operating income by 5980 The 51,400 untavorable 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 $1,400 The $8,400 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 510,500 unfavorable direct labor efficiency variance means that it actually took direct labor hours than were budgeted to produce 7,000 glasses. This Goldman, Inc.'s operating income by $10,500 i Requirements 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. Print Done