Homework: Chapter 11 Question 6, E11-29A Part 1 of 6 Requirements Next question Chic Design 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.) 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? Read the requirements 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positiv variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance ford Print Done x DL rate varia Standard price and volume 9 pounds per pot at a cost of Direct materials (resin).. $5.00 per pound 3.0 hours at a cost of $21.00 per Direct labor. hour Standard variable manufacturing overhead rate .... $7.00 per direct labor hour Budgeted fixed manufacturing overhead. $24,500 Standard fixed MOH rate $5.00 per direct labor hour (DLH) Chic Design 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 1,700 flower pots: Purchased 16,890 pounds at a cost of $5.20 per pound; used 16,490 pounds to produce Direct materials. 1,700 pots Worked 3.2 hours per flower pot (5,440 total Direct labor. DLH) at a cost of $20.00 per hour Actual variable manufacturing $7.20 per direct labor hour for total actual ..... variable manufacturing overhead of $39,168 Actual fixed manufacturing overhead $23,900 Standard fixed manufacturing overhead allocated based on actual production..... $25,500 Print Done Print Done Herp me on mo TO QUE TOTO Torp