The Rosenbaum Restaurant Group Standards indicate that for the number of bags of trazen fries Read the gecuirements manufactures the bags of fronen French ftries used at its tranchised r estaurants. Last woek, Rosenbaum purchased and used 98,000 pounds of potatoes at a price of $0.70 per were incurred in the plant at a rate of $12 20 per hour. The standard price per t produced, the factory should have used 94,000 pounds of potatoes and 1,400 hours of direct labor pound of potatoes is s0 85, and the standarnd direct labor rate is $11.95 per hour -Xoes than standardsallow. This accounts for the Requirement 3. Determine the direct labor rate and efficiency the variances as favorable (F) or unfavorable (U). Abbreviato ent and yor answers to the nearest whole dollar. Label 1. Determine the direct materiais price and quantty variances. Be sure to label Begin wth the the direct labor rate variance First determine th each variance as favorable or unfavorable 2. Think of a plausible explanation for the variances found in Requirement 1 Determine the direct labor rate and efficiency varianoes Be sure to label each variance as favorable or unfavorable Could the explanation for the labor varianoes be ted to the material variances? Now delermine the direct labor efficiency variance. First deten 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 x ( DM quantity variance x ( Requirement 2. Think of a plausible explanation for the variances found in Requirement1 Requirement 2. Think of a plausible explanation for the variances found in Requirement 1 One plausible explanation is that Rosenbaum bought price, which resulted in the As a resul, the manufacturing facilty price variance. However, because the potatoes were efficiency variance. potaloes than standards allow This accounts for t Requirement 3. Determine the direct labor rate and officiency variances. (Enter the variances as posiive numbers Enter ourrency amounts to the nearest cent and your answers to the nearest whole d 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 x ( x ( )DLrate variance Now determine the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor x ( ) DL efficency variance x ( Requirement 4. Could the explanation for the labor variances be tied to the material varianoes? Explain. Now determine the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for diredt labor x ( DL efficiency variance x ( Requirement 4. Could the explanation for the labor variances be tied to the material variances? Explain. The factory would use abor rate and efficiency variances be Sed to the material variances. For example, id the material variances were the result of purchasing hen the 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 coninue to the next