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Michael Douglas is a cost accountant and business analyst for Damask Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Douglas feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. B! (Click the icon to view the standards.) B!! (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 variar b. The direct materials efficiency variance is Now complete the table for direct labor. Actual Costs lund Actual Input Qty. * Rudaotad Price Flexible Budget .... a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor. Actual Costs Incurred Actual Input Qty. * Budgeted Price Flexible Budget Direct Manuf. Labor 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 Incurred Actual Input Qty. * Budgeted Price Flexible Budget Allocated 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. Data table 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 $10/lb. $ 3.00 Direct manufacturing labor 1.2 hours at $20/hour 24.00 Variable manufacturing overhead $4/lb x 0.3 lb. 1.20 Fixed manufacturing overhead $14/1b. x 0.3 lb. 4.20 Standard cost per doorknob $ 32.40 Print Done Data table Actual results for April 2020 were as follows: Production 26,000 doorknobs Direct materials purchased 13,100 lb. at $12/lb. Direct aterials used 7,000 lbs. Direct manufacturing labor Variable manufacturing overhead 29,500 hours for $649,000 $64,300 Fixed manufacturing overhead $ 159,000 Print Done Same Budgeted Lump Flexible Sum Regardless Allocated Actual Costs 3udget Overhead Incurred of Output Level Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance is fi Same Budgeted Lump Sum Regardless Actual Costs Flexible Allocated Incurred of Output Level Budget Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending varian