Prepare the variance analysis for the following and show formulas in words and work

Prepare One Month Answer Significance (e.g., "Favorable" or "Unfavorable")

Groomer Direct Labor Time Variance

DL Time Variance = (AH - SH) x SR _______________ _________________

Groomer Directv Labor Rate Variance

DL Rate Variance = (AR - SR) x AH ________________ __________________

Direct Materials Efficiency

DM Quantity Variance = (AQ - SQ) xSP ________________ __________________

Direct Materials Price Variance

DM Price Variance = (AP - SP) x AQ ________________ __________________

For your variance analysis, use the following financial data:

Grooming labor Standard Hours Standard Rate Actual Hours Actual Rate

150 $12 180 $11.50

Grooming Materials Standard Quantity Standard Price Actual Quantity Actual Price

1000 $2 1200 $3