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Dawson Inc. is a privately held fumitur Standards per Chair Direct materials 2 square metres of input at $5.60 per square metre Direct manufacturing labour 0.5 hour of input at $10.00 per hour The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,500; square metres of input purchased and used, 4,700, price per square metre, $5.80, dire manufacturing labour costs, $9,306, actual hours of input, 940, labour price per hour, $9.90. Required . . .. Requirement 1. Show your computations on the rate and efficiency variances for direct materials and for direct manufacturing labour. Give a plausible explanation of why the variances occurred. Let's begin by determining the formula used to calculate the actual costs, and then enter the amounts in the formula and calculate the costs. X Actual cost Direct materials X Direct manufacturing labour Next we will calculate the actual input at the budgeted rate