Homework: HW #9 - Chapter 11 Save core: 0 of 1 pt 8 of 10 (7 complete HW Score: 65%, 6.5 of 10 pts E11-22A (similar to) Question Help The Evan Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Evaris purchased and used 90.000 pounds of potatoes at a price of $0.70 per pound. During the week 1800 director hours were incurred in the plantat a role of 512 20 per hour. The standard price per pound of potatoes is 0.05, and the standard direct labor rate is $11.96 per hour. Standarda note that for the number of bags of frozen tres produced, the factory should have used 94.000 pounds of potatoes and 1,700 hours of direct labor Read the requirements Requirement 1. Determine the direct material price and quantity variances. Be ware to label och variance as favorable or unfavoratie Eier the variances as positive numbers. Enter currency amount to the nearest contand your answers to the nearest whole dolar. Label the variances as favorable) or unfavorable (U). Abbreviation used DMDvectorals) Begin by determining the formula for the price variance, the compute the price variance for direct materials ) - DM price variance Requirements 1. Determine the direct price and quality variances. Be sure to label each variance as favorable arutavorable 2. Think of a plate exploration for the variances found in 1 3. Determine the direct laborate and efficiency variances. Be sure to be each variance as table or unfavorable 4. Could the explanation for the water variance be tied to the material variances? Explain Print Done Choose from any or enter any number in the routes and then click Check Answer Check Arew Clear Al parts remaining MacBook Pro A s 4 % 5 6 7 8 9 0 7 2 3