Need all reqs :)

GrandScapes is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the actual results.) (Click the icon to view the standards.) Read the requirements. CO Requirement 1. Compute the direct material price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) - X First determine the formula for the price variance, then compute the price variance for direct materials. Requirements ]*([ = DM price variance x( 1. Compute the direct material price variance and the direct material quantity variance. 2. Who is generally responsible for each variance? 3. Interpret the variances. Standards X Actual Results 12 pounds per pot at a cost of $3.00 per pound Direct materials (resin) Direct labor..... 3.0 hours at a cost of $13.00 per hour Standard variable manufacturing overhead rate.....$3.00 per direct labor hour Budgeted fixed manufacturing overhead Standard fixed MOH rate. GrandScapes allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,400 flower pots: $32,600 $8.00 per direct labor hour (DLH) Purchased 17,920 pounds at a cost of $3.30 per pound; used 17,220 pounds to produce 1,400 pots Direct materials Worked 3.5 hours per flower pot (4,900 total DLH) at a ....... cost of $12.00 per hour Direct labor... Actual variable manufacturing $3.30 per direct labor hour for total actual variable overhead........................ manufacturing overhead of $16,170 Print Done Actual fixed manufacturing overhead $32,100 Standard fixed manufacturing overhead allocated based on actual production....... $33,600 A NO Aa H - MAY 2 - X tv 9 answer A