PART 1-6

GrandScapes is a manufacturer of large flowerpots for urban settings. The company has these standards: Vew the standards. GrandScapes allocated fixed manulacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1.800 flowerpots: View the actual results. Read the reguirements. Requirement 1. Compute the direct labor rate vanance and the direct labor efficiency variance. (Enter the vanances as positive numbers, Enter the currency amounts in the formulas to the neacest cont, then round the final variance amounts to the nearest whole dollar. Labet the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter. Abbreviations used DL. Direct iabor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor Standard Price and Nolume Actual Results Direct materials Direct labor. Actual variable manufacturing overhead Actual fixed manufacturing overhead. Purchased 25,960 pounds at a cost of $3.40 per pound; used 25,560 pounds to produce 1,800 pots Worked 2.2 hours per flowerpot (3,960 total DLH) at a cost of $11.00 per hour \$6.60 per direct labor hour for total actual variable manufacturing overhead of $26,136 $23,600 $25,200 Standard fixed manufacturing overhead allocated based on actual production. Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. GrandScapes is a manufacturer of large flowerpots for urban settings. The company has these standards: View the standards. GrandScapes allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reportod the following actual results for the production of 1,800 flowerpots: Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole doliar, Label the variance favorable (F) or untavorable (U) in the input field after the amount you enter. Abbreviations used: DL = Direct iabor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor