Smith Music manufactures harmonicas Smith uses standard costs to judge performance Recently, a clerk mistakenly threw away some of the records, and only partial data for May exist Smith knows that the total direct labor variance for the month was $380 F and that the standard labor rate was $10 per hour. A recent pay cut caused a favorable labor rate variance of 50.80 per hour. The standard direct labor hours for actual May outputs were 5,650 Read the requirements Requirement 1. Find the actual number of direct labor hours worked during May. First, find the actual direct labor price rate per hour. Then, determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as gven Select the formulathen calculate the actual price per hour Adual direct labor rate per hour Determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as given (Enter the known amounts, then determine the missing amounts to solve for the actual direct labor hours Enter the amounts as positive numbers Label the variance as favorable (F) or unfavorable (U)) Smith Music Schedule to Computer Actual Direct Labor How Feed Flexible Actual for acut ce Direct labor hours Cost per hour Total direct labor cost Flexible budget Valence Choose from any list or enter annamer the path and then the next to o Smith Music manufactures harmonicas Smith uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for May exist Smith knows that the total direct labor variance for the month was $380 F and that the standard labor rate was $10 per hour A recent pay cut caused a favorable laborate variance of 50 80 per hour. The standard direct labor hours for actual May outputs were 5,650 Read the requirements Cost per hour Total direct labor cost Flexible budget variance Requirement 2. Compute the direct labor rate and efficiency variances. Do these variances suggest that the manager may have made trade-offs? Explain (Enter the variances as positive numbers Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U) Abbreviations used.DL Direct labor) Begin by determining the formula for the price variance, then compute the price variance for direct labor DL rate variance x I x Now determine the formula for the efficiency variance, then compute the efficiency variance for direct labor DL efficiency variance x Do these variances suggest that the manager may have made trade-offs? Explain The direct laborate variance combined with the direct labor efficiency variance suggests that the manager may have used workers. However, due to the overall net effect, it appears there was Choose from any list or enter any number in the input fields and then continue to the next