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Ross Dickens is a cost accountant and business analyst for Datura Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Dickens feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. Click the icon to view the standards.) Click the icon to view the actual results for April) Read the requirements Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty, Budgeted Price Actual Costs Incurred Purchases Usage Flexible Budget Direct materials Data table At the beginning of 2020, DDC budgeted annual production of 400,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. at $9/b. $ 2.70 Direct manufacturing labor 1.2 hours at $18/hour 21.60 Variable manufacturing overhead $4/1b * 0.3 lb. 1.20 Fixed manufacturing overhead $14/1b. 0.3 lb. 4.20 $ 29.70 Standard cost per doorknob Print Done - X Data table Actual results for April 2020 were as follows: Production 35,000 doorknobs Direct materials purchased 12,200 lb. at $11/1b. Direct materials used 10,100 lbs. Direct manufacturing labor 28,900 hours for $578,000 Variable manufacturing overhead $65,000 Fixed manufacturing overhead $152,000 Print Done Requirements 1. For the month of April, compute the following variances, indicating whether each is favorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Dickens use any of the variances to help explain any of the other variances? Give examples. Print Done