LO 4 8-25 Flexible-budget variances, review of Chapters 7 and 8. Eric Willi: Fixed manufacturing overhead spending varlance =$500U business analyst for Diamond Design Company (DDC), which manufactures DDC uses two direct-cost categories: direct materials and direct manufacturir manufacturing overhead is most closely related to material usage. Therefore, [ overhead to production based upon kilograms of materials used. At the beginning of the year, DDC budgeted annual production of 420,000 following standards for each doorknob: Ac Required 1. For the month of April, compute the following variances, indicating whether each is favourable unfavourable (U): a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labour price variance d. Direct manufacturing labour efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h Fivart manufarturinn murhead onendinn uarianna