Homework: Ch. 10 MyAcctgLab Assignment Save Score: 0 of 1 pt 2 of 3 (0 complete) HW Score: 0%, 0 of 3 pts E10-33A (similar to) Question Help Chic Ceramics is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct labour price variance and the direct labour efficiency variance. 2. What is the total flexible budget variance for direct labour? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct labour price variance and the direct labour efficiency variance First, determine the formula for the price variance, then compute the price variance for direct labour. (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) = Price variance 0 Data Table Data Table Last month. Chic Ceramics reported the following actual results for the production of 71.000 bottles: The company has these standards: Direct materials Direct labour. Aclual variable overhead 1.3 kg per bottle, at a cost of $0.60 per kg 1/4 hour per bottle, at a cost of $13.10 per hour $95,000 Direct materials (clay) 1.1 kg per bottle, at a cost of $0.44 per kg Direct labour....... 1/5 hour per bottle, at a cost of $14.60 per hour Static budget variable overhead $69,550 Static budget fixed overhead $33,170 Static budget direct labour hours. 10,700 hours Static budget number of bottles.. 49,000 Chic Ceramics allocates manufacturing overhead to production based on standard direct labour hours. Actual fixed overhead. $28,500 Print Done ? 7 parts Print Dana ck