Nathan Thomas is a cost accountant and business analyst for Dallas Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct cost categories: direct materials and direct manufacturing labor. Thomas feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used EEE Click the icon to view the standards.) (Click the icon to view the actual results for April.) Requirements 1. For the month of April, compute the listed variances, indicating whether each is favorable (F) or unfavorable (U). 2. Can Thomas use any of the variances to help explain any of the other variances? Give examples. 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. Actual Costs Budgeted Price Flexible Incurred Purchases usage Budget Direct materials a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor Choose from any list or enter any number in the input fields and then continue to the next