Problem 1 Crayola produces various chemical ingredients for industrial and manufacturing use. One ingredient, Zedon, has the following standard costs as follows: Direct Materials Standard Quantity: 2.5 ounces per unit Standard Rate: $22 per ounce Direct Labor: Standard Hours: 1.4 hours per unit Standard Rate: $23 per hour Variable Manufacturing Overhead: Standard hours: 1.4 direct labor hours per unit Standard Rate: $3.70 per direct labor hour During 2020 the following activity was noted: 1. Direct Materials purchased and used: 9,650 ounces at a cost of $188,175 2. The company has 40 employees who worked 5,000 hours at a total cost of $137,200. 3. Variable Manufacturing Overhead is applied based on Direct Labor Hours. Total Manufacturing Overhead costs incurred was $18,480. 4. During 2020 the company produces 3,750 units of Zedon. Required A: Compute Direct Materials Price and Quantity Variances. Show all work using the Variance Model to receive any credit. Required B: Compute Direct Labor Rate and Efficiency Variances. Show all work using the Variance Model to receive any credit. Required C: Compute Variable Manufacturing Overhead Rate and Efficiency Variances. Show all work using the Variance Model to receive any credit. Problem 2 Deltak produces widgets. They have the following Direct Materials standard costs as follows: Direct Materials Standard Quantity: 2.5 pounds per widget Standard Rate: $17 per pounds During 2020 the following activity was noted: 1. Deltak purchased 10,000 pounds of Direct Materials at a cost of $174,500 and used 9,600 pounds of Direct Materials in the production process in the current year. 2. During 2020 the company produces 3,750 widgets. 3. Required: Compute Direct Materials Price and Quantity Variances. Show all work using the Variance Model to receive any credit