Q3 Part 1 of 6

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CenterWare 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 reguirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as posibve numbers. Enter the currency amou nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favcrable (F) or unfavorable (U). Abbreviations used: OL = Dif Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpeet the variances. ment 1. Compule the direct labor fale variance and the drect labor eficiency varance. (Enier the variances as pesitve numbers. Enlar the curency amounts in the larmatas to the cent, then found the final variance amounts to the neacest whole dollar. Labyl the varance ats fevorable (F) or unlavorable (M) Adbreratons ised: OL = Drect labor) th the direct labor rate variance. First defermine the formula for the fase variance, then compule the rate vatance for dired lasoc: Standard Prick and Volume 15 pounds per pot at a cost of $600 per Direct materials (resin) petind 5.0 hours at a cost of $1600 per hour Direct labor. Standard variable manvacturing overhead rato .$7.00 par divetilobor hour Budgeted fixed manufacturing overhead. .551,000 Standard fixed MOH rate........................... 58 . 00 pet drect tabor hour (DLA) CenterWace is a manufacturer of large flower pots for urban setings. The company has these standanth (Cick the icon to view the standards.) (Cick the icon to view the achual results) Read the teguirements. Requirement 1. Compute the direct labor rate variance and the dirtect labor efliciency variance. (Enler the varances as poebve numben, Entur the cimenoy a nearest cent, then round the final variance amounts to the neacest whole dollac Label the variance as tworable (F) ar unfuvorable (U). Aberwiations ised ol Begin with the direct labor rate variance. First determine the formula for the rate vartance, then compute the mase varance for dienct laber Standard Price and Volume CenterWare 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 reguirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as posibve numbers. Enter the currency amou nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favcrable (F) or unfavorable (U). Abbreviations used: OL = Dif Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpeet the variances. ment 1. Compule the direct labor fale variance and the drect labor eficiency varance. (Enier the variances as pesitve numbers. Enlar the curency amounts in the larmatas to the cent, then found the final variance amounts to the neacest whole dollar. Labyl the varance ats fevorable (F) or unlavorable (M) Adbreratons ised: OL = Drect labor) th the direct labor rate variance. First defermine the formula for the fase variance, then compule the rate vatance for dired lasoc: Standard Prick and Volume 15 pounds per pot at a cost of $600 per Direct materials (resin) petind 5.0 hours at a cost of $1600 per hour Direct labor. Standard variable manvacturing overhead rato .$7.00 par divetilobor hour Budgeted fixed manufacturing overhead. .551,000 Standard fixed MOH rate........................... 58 . 00 pet drect tabor hour (DLA) CenterWace is a manufacturer of large flower pots for urban setings. The company has these standanth (Cick the icon to view the standards.) (Cick the icon to view the achual results) Read the teguirements. Requirement 1. Compute the direct labor rate variance and the dirtect labor efliciency variance. (Enler the varances as poebve numben, Entur the cimenoy a nearest cent, then round the final variance amounts to the neacest whole dollac Label the variance as tworable (F) ar unfuvorable (U). Aberwiations ised ol Begin with the direct labor rate variance. First determine the formula for the rate vartance, then compute the mase varance for dienct laber Standard Price and Volume