Smith Musie manufactures harmonicas. Smith uses Wandard costs to judge performance. Recently, a cor mistakenly throw away some of the records, and only partial data for July exist Smith knows that the total direct labor variance for the month was $350F and that the standard laborate was $11 per hour. A recent pay out caused a favorable laborate warence of $0.40 per hour. The standard direct labor hours for July outputs were 5,910. Read the requirements Requirements. Find the number of recor d during de t beror per hour. Then the number of two hours word by the combine there Select the form the price per hour Actual directorate per hour worlantes given the mounts Determine the actuumar of direct labore worked tysing up the computation of the the m e mbers Label the ancestorben) with Music Schedule to compute Actual Labor Hours C hou Total direct labor con u recent l anter the wees as p bers Enter currency amounts on Flexib budgetariance Re n t 2. Compute the direct laborate and a ny variances Do these variances et the manager may have made ade and were lo the nearest wholedo Lehe s oortouw A n US OLD ) Smith Music manufactures harmonicas. Smith standard cost to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for July exist. Smith knows that the total direct labor variance for the month was $350 F and that the standard labor rate was $11 per hour. A recent pay cut caused a favorable laborate variance of $0.40 per hour. The standard direct labor hours for actual July outputs were 5,910. Read the retirements for actual output budget variance Direct labor hours Cost per hour Total direct labor cost the variances as positive numbers E currency amounts to the nearest cent Requirement 2. Compute the direct laborate and efficiency variances Do these variances suggest that the manager may have made trade-off? Explain and your answers to the neare who doar Label the variances Fornova (U) Abbreviation Direct lobor) Begin by termining the form for the price variance, the computer price variance for director Drie variance Now determine the form for the ency variance en compute the efficiency variance for direct labor 1) D iciency wiance Do these variances suggest that the manager may have made trade-offs? Explain The direct laborate variance combined with the direct labor efficiency wariance suggests that the manager may have used workers. However, due to the overal net effect, it appears