Mary Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Mary Life's May 2020 static budget and actual results for direct inputs are as follows: (Click the icon to view the data) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2020. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2020. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Rop May 2020 Actual Results Price Variance Units 525 Direct materials 30,555.00 3 Direct labor 11.251.80 Total variance V Data table Actual Input Qty Budgeted Prices Static Budget Number of jacket lots (1 lot 1 dozen) Per Lot of Jackets: Direct materials Direct manufacturing labor Actual Results Number of jacket lots sold Total Direct Inputs Direct materials Direct manufacturing labor 500 10 yards at 54.85 per yard $40.50 19 hours at $12.50 per hour $23.75 6.300 yards at $4.85 per yard $30.555.00- n93 hours at $12.00 per hour $11.251.80 ages Get more help. MacBook Pro Print Done