*** SEE PROBLEM ABOVE, SOLUTION IS ALREADY THERE IN PURPLE SO I DO NOT NEED THIS***

***PLEASE ONLY REPLY WITH PLAUSIBLE EXPLANATIONS OF WHY THESE VARIANCES COULD EXIST****

Dunn Inc. is a privately held furniture manufaeturer. For August, Dunn had the following standards for one of its products, a wicker chair: DirectmaterialsDirectmanufacturinglabor2squareyardsofinputat$5persquareyard0.5hoursofinputat$10perhour The following data were compiled from the actual performance: 2,000 actual output units (chairs) produced; 3,700 square yards of input purchased and The following data were compiled from the actual performance: 2,000 actual output units (chairs) produced; 3,700 square yards of used; $5.10 price per square yard; $8,820 direct mantufaeturing labor cests; 900 actual hours of input; $9.80 labor price per hour. GAP for Matrial GAP for Matrich Calculate the price and efficiency variances for direct materials and direct labor. Give a plausible explanation for why each variance occurred. DLPV=(APSP)AQ=(9.80$10)900=180FDLEV=(AQSQ)SP=(9001K)$10=1000DLV]l180F