Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: (Cick the icon to view the standards.) (Click the icon to view the actual results.) Rend the reguirerments. Requirement 1. Compute the direct labor rate variance and the direct labor eficiency variance. (Enter the variances as positive numbers. Eritar ihe curmancy atrountil in the formulas to the nearest cant, then round the final variance arnounts to the nearest whole dollar. Label the variance as favorable (F) or untriorable (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 varlance for direct labor Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: IIf (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requicmments. Standard Price and Volume Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: Actual Results Grand Display 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 1,500 Grand Display 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 reguirements. Requirements 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. Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: (Cick the icon to view the standards.) (Click the icon to view the actual results.) Rend the reguirerments. Requirement 1. Compute the direct labor rate variance and the direct labor eficiency variance. (Enter the variances as positive numbers. Eritar ihe curmancy atrountil in the formulas to the nearest cant, then round the final variance arnounts to the nearest whole dollar. Label the variance as favorable (F) or untriorable (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 varlance for direct labor Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: IIf (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requicmments. Standard Price and Volume Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: Actual Results Grand Display 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 1,500 Grand Display 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 reguirements. Requirements 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