Samuel Rogers is a cost accountant and business analyst for Dallas Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Rogers 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 actual results for April.) (Click the icon to view the standards.) Read the requirements. 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 Direct materials Data table Price Actual Costs Incurred Purchases Usage Flexible Budget At the beginning of 2020, DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Direct materials (brass) Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard cost per doorknob 1.2 hours at $18/hour Input Cost/Doorknob 0.3 lb. at $8/lb. $ 2.40 21.60 $7/lb x 0.3 lb. 2.10 4.20 $14/lb. x 0.3 lb. $ 30.30 Data table 34,000 doorknobs Actual results for April 2020 were as follows: Production Direct materials purchased Direct materials used Direct manufacturing labor 12,100 lb. at $11/lb. 8,000 lbs. 29,300 hours for $644,600 Variable manufacturing overhead $65,200 Fixed manufacturing overhead $161,000 Print Done Requirements 1. For the month of April, compute the following variances, indicating whether each is favorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Rogers use any of the variances to help explain any of the other variances? Give examples. Print Done