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Homework: 3-2 MyAccountingLab: Module Three Homework Score: 0 of 16 pts P7-32 (similar to) Save 1 of 3 (1 complete)> HW Score: 27.39%, 13.69 of 50 pt Question Help You are a sti ent preparing or a n > ?n Mew with a H une? consumer products manut chirer You are a My?n tor a ob in the nance de artment his rom any s nown tor its r orous case based interview race s ne a me sti dents who success 1 obtained a job with them upon graduation lest year advised you to "know your variances coldi When you inquired further, she told you that she had been asked to pretend that she was investigating wage and materials varisnces. Per her advice, you have been studying the causes and consequences of variances. You are excited when you wak in and find that the first case deals with variance analysis. You are given the following data for May for a datergent bottling plant located in Mexico (Click the icon to view the data) Please respond to the following questions as if you were in an interview situation: 1. Calculate the materials efficiency and price variance. ?nd the wage ?nd labor efficiency variances for the month of May 2.You are given the t owing context "Union organizers are targeting our detergent bottling plant in Pucbla, Mexico, for a unicn" Can you provide a better explanation for the variancos that you have calculated on the basis of this infomation? Requirement Calculate he materiais ? ciency and price var ance and the wage and labor e cency variances for the month o May Data Table In order to calculate the variances complete the tolowing table. (Round your tinal answer to the nearest whole number) Actual input qty Actual Bottles filled Direct materials used in production Actual direct material cost Actual direct rmanufacturing labor-hours Actual costs 310,000 incurred Budgeted price Flexible budget 6,150,000 oz 2,183,250 pesos Direct materials 24,500 hours clual dircct labor cost 739,900 pesos Standards Purchase price of direct materials Dolle size Wage rate Bolles per mirnule 0.35 pesosioz Enter any number In the edit fields and then cick Check Answer 15 02 29 4D pesoshour Clear A Check Answer 0.50