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Question list Question 1 Question 2 Question 3 Question 4 FlowerMate is a manufacturer of large flower pots for urban settings. The company has these

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Question list
Question 1
Question 2
Question 3
Question 4
FlowerMate is a manufacturer of large flower pots for urban settings. The company has these standards:
(Click the icon to view the standards.)
Read the requirements.
(Click the icon to view the actual results.)
Points: 0 of 1
Read the rements.
Requirement 1. Compute the direct material price variance and the direct material quantity variance. (Enter the variances as positive numbers. Enter currency amounts in the formul cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials)
First determine the formula for the price variance, then compute the price variance for direct materials.
)= DM price variance
-)=
Standards
Actual Results
FlowerMate 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 1,000 flower pots:
\table[[Direct materials.........,\table[[Purchased 12,900 pounds at a cost of $4.40 per pound;],[used 12,200 pounds to produce 1,000 pots]]],[Direct labor. ......,\table[[Worked 5.4 hours per flower pot total DLH) at a],[cost of $19.00 per hour]]],[\table[[Actual variable manufacturing],[overhead..................]],\table[[$6.40 per direct labor hour for total actual variable],[manufacturing overhead of $34,560
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