The Yates Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) The number of finished units budgeted for January 2020 was 9,790,9,650 units were actually produced (Click the icon to view actual data.) Actual Data the month, msterias purchased anounted to 97,00016 , af a 00 varances are koled upon purchase. irgut uffoency vanances are nolafed at the ine of srage Actial resats in Januaiy 2020 wure as lolow: Direct materials: 96,000 to used Direct manufacturing labor: 4,500 hours 5146,050 Reguirements 1. Compule the January 2020 prce and officency vanances of deect matenal: and direct manulactureg labor 2. Prepate pournal entres to record the vanances n requremont 1 3. Comment on the January 2020 price and efficency vanances of Yates Corporation 4. Why might Yatos calculato drect materas prce variances and drect materios efficency variances wifh reference to deferent points in tane? The Yates Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) The number of finished units budgeted for January 2020 was 9,790,9,650 units were actually produced (Click the icon to view actual data.) Actual Data the month, msterias purchased anounted to 97,00016 , af a 00 varances are koled upon purchase. irgut uffoency vanances are nolafed at the ine of srage Actial resats in Januaiy 2020 wure as lolow: Direct materials: 96,000 to used Direct manufacturing labor: 4,500 hours 5146,050 Reguirements 1. Compule the January 2020 prce and officency vanances of deect matenal: and direct manulactureg labor 2. Prepate pournal entres to record the vanances n requremont 1 3. Comment on the January 2020 price and efficency vanances of Yates Corporation 4. Why might Yatos calculato drect materas prce variances and drect materios efficency variances wifh reference to deferent points in tane