$\backslash$table$[[$Question list,$K,\backslash$table$[[$Michael Hopkins is a cost accountant$],[$manufacturing labor. Hopkins feels tha$],[($Click the icon to view the standar$]]],[$Data table$],[\backslash$table$[[$At the beginning of $2020,$ DDC budgeted annual production of $400,000$ doorknobs$],[$and adopted the following standards for each doorknob:$]]],[,,$Input,,knob$],[$Direct materials $($brass$),,3lb.$ at $$\frac{11}{l}b.,$$$,3\mathrm{.}30],[$Direct manufacturing labor,$1\mathrm{.}2h-10,$hours at $$\frac{20}{?}$ hour,,$24\mathrm{.}00],[$Variable manufacturing overhead,,$\frac{56}{l}b0\mathrm{.}3lb.,,1\mathrm{.}80],[$Fixed manufacturing overhead,$$\frac{14}{\frac{?}{?}}b.0\mathrm{.}3lb.,,4\mathrm{.}20],[,,,$$$,33\mathrm{.}30]]$

Data table

Requirements

Actual results for April $2020$ were as follows:

Production

Direct materials purchased

Direct materials used

Direct manufacturing labor

Variable manufacturing overhead

Fixed manufacturing overhead $,$$$156,000$

For the month of April, compute the following variances, indicating whether each is favorable $(F)$ or unfavorable $(U).$

a$.$ Direct materials price variance $($based on purchases$)$

b$.$ Direct materials efficiency variance

c$.$ Direct manufacturing labor price variance

d$.$ Direct manufacturing labor efficiency variance

e$.$ Variable manufacturing overhead spending variance

f$.$ Variable manufacturing overhead efficiency variance

g$.$ Production$-$volume variance

h$.$ Fixed manufacturing overhead spending variance

Can Hopkins use any of the variances to help explain any of the other variances? Give examples.

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Requirement $1.$ For the month of April, compute the variances, indicating whether each is favorable $(F)$ or unfavorable $(U).$

Before computing the variances complete the tables below. Begin by completing the table for direct materials.

$\backslash$table$[[,,,,],[,,,,],[,,,,],[,$Actual Costs,,Price,$],[,$Incurred,Purchases,Usage,Budget$],[$Direct materials,,,,$]]$