The Bergie Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Bergie's purchased and used 99,000 pounds of potatoes at a price of $0.75 per pound. During the week, 1,900 direct labor hours were incurred in the plant at a rate of $12.30 per hour. The standard price per pound of potatoes is S0.85, and the standard direct labor rate is $12.10 per hour. Standards indicate that for the number of bags of frozen fries produced, the factory should have used 96,000 pounds of potatoes and 1,700 hours of direct labor. Read the requirements Requirement 1. Determine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. (Enter the variances as positive numbers. Enter currency amounts o he nearest cent and your answers to he nearest who e do ar Labe the variances as favorable F unfavorable U. Abbreviations used: DM Direct materials.) Begin by determining the formula for the price variance, then compute the price variance for direct materials DM price variance x ( Determine the formula for the quantity variance, then compute the quantity variance for direct materials DM quantity variance x ( Requirement 2. Think of a plausible explanation for the variances found in Requirement 1. One plausible explanation is that Bergie bought the potatoes were Dotatoes than standards allow. This accounts for Choose from any list or enter any number in the input fields and then continue to the next question. | price, which resulted in the price variance. However, because As a result, the manufacturing facility the Vl efficiencv variance. V price, which resulted in the One plausible explanation is that Bergie bought the potatoes were potatoes than standards allow. This accounts for the Vprice variance. However, because .As a result, the manufacturing facility V efficiency variance Requirement 3. Determine the direct labor rate and efficiency variances. (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 wth the the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. DL rate variance x ( Now determine the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor. DL efficiency variance x ( Requirement 4. Could the explanation for the labor variances be tied to the material variances? Explain Choose from any list or enter any number in the input fields and then continue to the next question Requirement 4. Could the explanation for the labor variances be tied to the material variances? Explain The Vlabor rate and efficiency variances be tied to the material variances. For example, if the material variances were the result of purchasing V, then the factory would use labor in sorting the potatoes. As a result, they would have had to pay workers Choose from any list or enter any number in the input fields and then continue to the next