Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. * Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Direct materials a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor. Actual Costs Actual Input Qty. * Flexible Incurred Budgeted Price Budget Direct Manuf. Labor C. The direct manufacturing labor price variance is d. The direct manufacturing labor efficiency variance is Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. * Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless Flexible Allocated Incurred of Output Level Budget Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance isSamuel Harris is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Harris feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Read the requirements. Requirement 1. X Data table X Before computing Data table At the beginning of 2020, DDC budgeted annual production of 400,000 doorknobs and adopted the following standards for each doorknob Actual results for April 2020 were as follows: Input Cost/Doorknob Production 26,000 doorknobs 12,500 lb. at $12/lb. Direct materials Direct materials (brass) 0.3 lb. at $11/lb. 3.30 Direct materials purchased Direct manufacturing labor 1.2 hours at $18/hour 21.60 Direct materials used 7,000 lbs. Direct material Variable manufacturing overhead $6/1b x 0.3 lb. 1.80 Direct manufacturing labor 29,900 hours for $717.600 4.20 $65,200 b. The direct ma Fixed manufacturing overhead $14/1b. x 0.3 lb. Variable manufacturing overhead 30.90 Fixed manufacturing overhead $156,000 Now complete the Standard cost per doorknob Direct Manuf. La Print Done Print Done The direct ma d. The direct manufacturing labor efficiency variance is