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Hello! This is the information provided. Could you please help me solve requirement 4 and provide me with the specific answer to each blank in
Hello! This is the information provided. Could you please help me solve requirement 4 and provide me with the specific answer to each blank in requirement 4? Thank you very much for your help in advance!
Data table The first worker, Gillian, has been making wedding cakes for 20 years and is paid $39 per hour. The second worker, Wally, is less experienced and is paid $24 per hour. One wedding cake requires, on average, 10 hours of labor. The budgeted direct labor quantities for one cake are as follows: That is, each cake is budgeted to require 10 hours of direct manufacturing labor, composed of 50% of Gillian's labor and 50% of Wally's, although sometimes Gillian works more hours on a particular cake and Wally less, or vice versa, with no obvious change in the quality of the cake. Data table \begin{tabular}{|lr|} \hline Gillian (207 hours) & $8,073Wally(247hours) \\ \cline { 2 - 2 } Total actual direct labor cost & $14,001 \\ \hline \end{tabular} Print Done Lola Fallon employs two workers in her wedding cake bakery. (Click the icon to view the empolyee information and the budgeted quantities and budgeted prices of direct labor.) During the month of May, the bakery produces 45 cakes. Actual direct manufacturing labor costs are as follows: (Click the icon to view the actual direct labor costs.) Read the requirements. Requirement 4. Calculate the total direct manufacturing labor mix and yield variances. How do these numbers relate to the total direct manufacturing labor efficiency variance? What do these variances tell you? Begin by selecting the formula and entering the amounts to calculate the total direct labor mix variance. Identify each variance as either favorable (F) or unfavorable (U). (Enter any percentages in decimal format to three decimal places, 0.XXX. Round your answer to the nearest whole dollar. Abbreviations used: A$ of DL input = Actual price of direct labor input, ADL mix \% = Actual direct labor input mix percentage, ATQ inputs used= Actual total quantity of all direct labor inputs used, B $ of DL input = Budgeted price of direct labor input, BDL mix \% = Budgeted direct labor input mix percentage, BTQ inputs allowed = Budgeted total quantity of all direct labor inputs allowed for actual output, Mix var. = Direct labor mix variance for each input.) (Gillian(Wally(1))=1=Step by Step Solution
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