Score: 1.6 of 5 pts 4 of 7 (4 complete) HW Score: 33.25%, 9.97 of 30 pts E7-23 (similar to) Question Help MaryAnn, Inc. designs and manufactures T-shirts. It sells its T-shirts to brand-name clothes retailers in lots of one dozen. MaryAnn's May 2013 static budget and actual results for direct inputs are as follows: (Click the icon to view the data) MaryAnn has a policy of analyzing all input variances when they add up to more than 10% of the total cost of materials and labor in the flexible budget, and this is true in May 2013 The production manager discusses the sources of the variances: "A new type of material was purchased in May. This led to faster cutting and sewing, but the workers used more material than usual as they learned to work with it. For now the standards are fine." Read the requirements Actual Price Actual Input Qty x Efficiency Flexible May 2013 Units Direct materials Direct labor Total variance The total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined is $ 2.866.50 Results Variance Budgeted Price Variance Budget 650 650 15,463.50 1,982.50 U 104.00 U $ 2,086.50 U 13.481.00$ 1,326.00 U S 2,155.00 $ 8,840.00 S 8,736.00 54600 9,28200 780.00 U unfavorable This variance is 13.37 % ofthe total cost of direct materials and direct Choose from any list or enter any number in the input fields and then click Check