Smithson, Inc., manufactures lead crystal glasses. Smithson, Inc.$\text{'}$s managers recently calculated the following:

Variances after completing production of $6,900$ glasses:

Direct materials cost variance

Direct materials efficiency variance

Read the requirements.

Requirement $1.$ For each variance, who in Smithson, Inc.$\text{'}$s organization is most likely responsible?

Direct materials cost variance

Direct materials efficiency variance

Direct labor cost variance

Direct labor efficiency variance

$$1,932$ F Direct labor cost variance $$16,560F$

$$2,760$ U Direct labor efficiency variance $$11,730U$

$$11,730U$

Read the requirements

Requirement $2.$ Interpret the direct materials and direct labor variances for Smithson, Inc $\text{'}$s management.

The $1,932$ favorable direct materials cost variance indicates that the actual direct materials cost per pound was $1,932.$

The $2,760$ unfavorable direct materials efficiency variance indicates that the actual pounds used was operating income by $2,760.$

The $$16,560$ favorable direct labor price variance means that Smithson, Inc.$\text{'}$s employees were paid $\_$ per hour than budgeted. This direct labor hours than were budgeted to produce $6,900$ glasses. This

The $$11,730$ unfavorable direct labor efficiency variance means that it actually took than the total pounds allowed to manufacture the $6,900$ glasses. This Smithson, Inc.$\text{'}$s operating income by than the standard cost per pound. This Smithson, Inc.$\text{'}$s

For each variance, who in Smithson, Inc.$\text{'}$s organization is most likely responsible?

Interpret the direct materials and direct labor variances for Smithson, Inc.$\text{'}$s management.

Requirements

Forely responsible? likely in Smithson, Inc.$\text{'}$s organization is most $2.$ Interpret the direct materials and direct labor variances for Smithson, Inc.$\text{'}$s management.