pls do the question in the picture & the rest
Eric Williams is a cost accountant and business analyst for Diamond Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Williams feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. B (Click the icon to view the standards.) B (Click the icon to view the actual results for April.) Read the requirements. Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. * Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Direct materials $ 136,400 $ 124,000 $ 85,000 $ 87,000 a. Direct materials price variance (based on purchases) is $ 12,400 U b. The direct materials efficiency variance is $ 2,000 F Now complete the table for direct labor. Actual Costs Incurred Actual Input Qty. * Budgeted Price $ 496,400 Flexible Budget $ 591,600 Direct Manuf. Labor $ 671,600 c. The direct manufacturing labor price variance is $ 175,200 U d. The direct manufacturing labor efficiency variance is $ 95,200 F Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. * Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH At the beginning of 2020, DDC budgeted annual production of 420,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. at $10/b. 3.00 Direct manufacturing labor 1.2 hours at $17/hour 20.40 Variable manufacturing overhead $5/1b * 0.3 lb. 1.50 4.50 Fixed manufacturing overhead $15/lb. x 0.3 lb. $ 29.40 Standard cost per doorknob Actual results for April 2020 were as follows: Production 29,000 doorknobs Direct materials purchased 12,400 lb. at $11/lb. Direct materials used 8,500 lbs. Direct manufacturing labor 29,200 hours for $671,600 Variable manufacturing overhead $65,100 Fixed manufacturing overhead $ 158,000 1. For the month of April, compute the following variances, indicating whether Requirements vorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Williams use any of the variances to help explain any of the other variances? Give examples
