Please help me with the following question!

Chic Ceramics is a manufacturer of ceramic bottles. a (Click the icon to view the standards.) E (Click the icon to view the actual results.) Requirements 1. Compute the direct materials price variance and the direct materials efficiency variance. 2. What is the total exible budget variance for direct materials? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct materials price variance and the direct materials efciency variance. First, determine the formula for the price variance, then compute the price variance for direct materials. (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as fa\\ unfavourable (U).) ( Actual price per input unit . Standard price per input unit )x Actual quantity of input = Price variance ( 0.6 |. 0.44 )x 69000 = 11040 IUL'J 0 Data Table 0 Data Table The company has these standards: Last month, Chic Ceramics reported the following actual results for the production of 69,000 bottles: Direct materials (clay) ................. 1.1 kg per bottle, at a cost of $0.44 per kg Direct labour ......................... 1/5 hour per bottle, at a cost of $14.00 per hour Direct materials """"""""" 1'25 kg per bottle, at a 005' Of $0130 per kg Static budget variable overhead ......... $71,400 Static budget xed overhead ............ $30,450 Static budget direct labour hours ......... 10,500 hours Static budget number of bottles .......... 52,000 Direct labour ...................... 1/4 hour per bottle, at a cost of $12.70 per hour Actual variable overhead ............ $106,000 Actual xed overhead. . . $28,600 Chic Ceramics allocates manufacturing overhead to production based on standard direct labour ' Print ' Done hours. ' Print H Done' ' Clear All