Requirement 1. For each variance, who in Johnson, Inc.s organizasion is most likely responsible? Requirement 2 . interpret the direct materials and direct labor variances for Johnson, Inc''s managoment. The 1.768 favorable direct materials cost variance indicales that the actual drect malerials cost per pound was than the standard cest per pound This income ty 1,768 The 1,020 unfavorable direct materials efliciency variance indicates that the actual pounds used was Johnson, Inc's operating income by 1,020 The $13,600 favorable direct labor price varionce means that Johnson, Ine's employees were poid per hour than budgeted. This The $24,480 unfavorabio drect labor efficiency variance means that it actually took drect labor hours than were bubgetod to probuce 6.800 glasses. Tha operating income by $2,4,480. Johnson, Inc, manufactures lead crystal glasses. Johnson, Inc.'s managers recently calculated the following: Variances after completing production of 6,800 glasses: Direct materials cost variance $1,768F Direct labor cost variance $13,600F Direct materials efficiency variance $1,020U Direct labor efficiency variance $24,480U Read the requirements. Requirement 1. For ed Requirements Direct materiais cost Direct materials efficil 1. For each variance, who in Johnson, Inc.'s organization is most Direct labor cost varit likely responsible? Direct labor efficiency 2. Interpret the direct materials and direct labor variances for Johnson, inc.'s management. Requirement 2. Interpi The 1,768 favorable dir standard cost per pound. This incomo by 1.768 . The 1,020 unfavorable Is allewed to manufacture the 6, 800 glass Johnson, inc.'s operatir The $13,600 favorable direct labor price variance means that Johnson, Inc:'s employees were paid