Please answer all requirements.

HW Score: 0% 0 of 30 noints = Homework: Chapter 11 Homework Question 1, E11-30A (si... Part 1 of 5 Save Standards Earthern Ware is a manufacturer of large flower pots for urban settings. The company has these standards: E: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements .... 15 pounds per pot at a cost of $5.00 per Direct materials (resin) pound Direct labor .4.0 hours at a cost of $21.00 per hour Standard variable manufacturing overhead rate ... $6.00 per direct labor hour Budgeted fixed manufacturing overhead $65,200 Standard fixed MOH rate . $12.00 per direct labor hour (DLH) 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 Abbreviations used: DM = Direct materials) or unfavorable (U). First determine the formula for the price variance, then compute the price variance for direct materials. Standard price x Standard quantity allowed Actual quantity used DM price variance Print Done Requirements Actual Results 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. Earthern Ware 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: Purchased 21,780 pounds at a cost of $5.20 per pound; Direct materials used 21,280 pounds to produce 1,400 pots Worked 4.5 hours per flower pot (6,300 total DLH) at a Direct labor cost of $20.00 per hour Actual variable manufacturing $6.40 per direct labor hour for total actual variable overhead manufacturing overhead of $40,320 Actual fixed manufacturing overhead $64,700 Standard fixed manufacturing overhead allocated based on actual production $67,200 Print Done Print Done