Urgent thankssssss

Diva, Inc. is a privately held furniture manufacturer. For August 2017, Diva had the following standards for one of its products, a wicker chair: (Click the icon to view the standards per chair.) The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,000; square yards of input purchased and used, 5,600; price per square yard, $5.70; direct manufacturing labor costs, $10,395; actual hours of input, 990; labor price per hour, $10.50. i Data Table Standards per Chair gher quality materials. Direct materials 3 square yards of input at $ 5.50 per square yard are yard), even though Direct manufacturing labor 0.5 hour of input at $ 10.30 per hour st timely control point; In the nurchacing Requirement 2. Suppose 8, 100 square yards of materials were purchased (at $5.70 per square yard), even though only 5,600 square yards were used. Suppose further that variances are identified at their most timely control point; accordingly, direct materials price variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department. Compute the price and efficiency variances under this approach. Begin with recalculating the costs using the information provided for the alternative approach. Actual input Actual cost Budgeted price Flexible budget cost Purchasing Production PhotoGrid