Q3 part 1 of 5 Pls help i will upvote if correct
last two experts got it wrong
Grand Display is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements, Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the curren nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor: Standard Price and Volume Grand Display allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,100 flower pots: Grand Display is a manufacturer of large fower pots for urban settings. The company has these standards: (Click the icon to vlew the standards.) (Cick the icon to view the actual tesults.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Emer the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations usod: DL. = Direct isbor) Begin with the direct labor rate variance. First determine the formula for the rate vasiance, then compule the rate variance for direct labor: Requirements 1. Compule the direct labor rate vanance and the direct labor effeiency variance. 2. What is the total variance for direct labor? 3. Who is generally responstile for each varance? 4. Interpret the variances