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Standard Price and Volume Dured materials Direct materials (resin).. Direct labore 11 pounds per pot at a cost of $6.00 per pound 40 hours at a cost of $21.00 per hour Purchased 15,610 pounds at a cost of $5.40 per pound: Used 15.210 pounds to produce 1300 pots Worked 4.5 hours per flower pot (5,850 total DLH) at a cost of $20.00 per hour 57.70 per direct labor hour for total actual variable manufacturing overhead of $45,045 550.000 Actual variable manufacturing overhead Direct labor Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate. $7.00 per direct labor hour $50.400 $12.00 per direct labor hour DLH) Actual e manufacturing overhead Standard ford manufacturing overhead allocated based on actual production $62.400 Print Done Print Done Read the requirements Requirement 1. Compute the direct laborate variance and the direct labor officiency variance Enter the varios as positive numbers Enter the currency amounts in the formulas to the nearestoort the found the final variance amounts to the nearest Wholedo Label the variance as favorable for unfavorable (U) Abreviations used DL Drect labor Begin with the direct laborate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor ) DL rate variance Now compute the direct labor efficiency variance. First determine the formula for the officiency variance, then computo the officiency variance for direct labor ) Locancy vannoo Rru ment? What is the local range for direct labor? Enter the amount as a positive number Label the variance as favorable (F) or unfavorable (U).) Requirement 2. What is the total variance for direct labor? (Enter the amount as a positive number. Label the variance as favorable (F) or unfavorable (UB) The total variance for direct laboris Requirement 3. Who is generally responsible for each variance? The department is responsible for the labor rate variance. The Requirement 4. Interpret the variances The labor rate variance means that Elegance's employees earned per hour than budgeted. department is responsible for the labor officiency variance The labor efficiency variance means that it actually took direct labor hours than it should have to produce 1,300 pots. Choose from any list or enter any number in the input fields and then continue to the next