Nathan Dickens is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Dickens feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. : (Click the icon to view the standards.) Click the icon to view the actual results for April.) Read the requirements. Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. * Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Direct materials a. Direct materials price variance (based on purchases) is 25400 U b. The direct materials efficiency variance is 13500 F Now complete the table for direct labor. Actual Costs Incurred Actual Input Qty. x Budgeted Price Flexible Budget Direct Manuf. Labor Choose from any list or enter any number in the input fields and then continue to the next question. - i Data Table ve brass sely rele ant and be erials and rhead to ndards.) April, cor omplete Actual results for April 2020 were as follows: Production 35,000 doorknobs Direct materials purchased 12,700 lb. at $11/1b. Direct materials used 9,000 lbs. Direct manufacturing labor 29,000 hours for $696,000 Variable manufacturing overhead $65,200 Fixed manufacturing overhead $ 159,000 Ad Osts d Print Done e (based i Data Table . -vari labor tual ncur er prid At the beginning of 2020, DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. at $9/b. $ 2.70 Direct manufacturing labor 1.2 hours at $15/hour 18.00 Variable manufacturing overhead $7/1b *0.3 lb. 2.10 4.20 Fixed manufacturing overhead $14/lb. 0.3 lb. 27.00 Standard cost per doorknob y null $ C. The direct manufacturing labor price variance is d. The direct manufacturing labor efficiency variance is Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless Incurred of Output Level Fixed Manuf. OH 159000 Flexible Budget Allocated Overhead 147000 g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Requirement 2. Can Dickens use any of the variances to help explain any of the other variances? Give examples. The direct materials price variance indicates that DDC paid for brass than they had planned. If this is because they purchased a may explain why they used brass than expected (leading to an) material efficiency variance). quality brass, it