st 8 9 K FlowerMate is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the actual results.) (Click the icon to view the standards.) Read the requirements Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) Abbreviations used: DL Direct labor) Begin with the direct labor rate variance First determine the formula for the rate variance, then compute the rate variance for direct labor DL rate variance Standard Price and Volume Direct materials (resin). Direct labor....... 9 pounds per pot at a cost of $6.00 per ...pound .3.0 hours at a cost of $14.00 per hour Standard variable manufacturing overhead rate.....$8.00 per direct labor hour Budgeted fixed manufacturing overhead Standard fixed MOH rate.... .......$54,100 $11.00 per direct labor hour (DLH) Print Done - Actual Results FlowerMate allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,700 flower pots: Direct materials.... Direct labor. Actual variable manufacturing overhead... Purchased 16,480 pounds at a cost of $6.10 per pound; ..used 15,980 pounds to produce 1,700 pots Worked 3.5 hours per flower pot (5,950 total DLH) at a cost of $13.00 per hour $8.30 per direct labor hour for total actual variable ..manufacturing overhead of $49,385 Actual fixed manufacturing overhead $53,600 Standard fixed manufacturing overhead allocated based on actual production.. $56,100 fo vas Cle Drint Done uire e fo revi in w Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. Print Done