Weffrey Dickens is a cost accountant and business analyst for Dashing Design Company (DOC), which manufactures expensive brass doorknobs DOC uses two direct-cost categories direct materials and direct manufacturing labour Dickens feels that manufacturing overhead is most closely related to material usage. Therefore, DOC allocates manufacturing overhead to production based upon kilograms of materials used Click the icon to view the standards) (Click the icon to view the actual results for April) Required Requirement 1. For the month of April, compute the variances, indicating whether each in favourable (F) or unfavourable (U) Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is The direct manufacturing labour price variance is d. The direct manufacturing labour efficiency variance is e. The variable manufacturing overhead spending variance is The variable manufacturing overhead efficiency variance is g. The production-volume variance is The Head maheat and Jeffrey Dickens is a cost accountant and business analyst for Dashing Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct man Dickens feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon kilograms of materials used (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Required R Data Table d. 9 un Data Table - X Direct materials (brass) Manufacturing overhead Variable 0.3 kg. $8/kg S 2.40 Actual results for April 2017 were as follows Production 27.000 doorknobs. Direct manufacturing labour 12 hours @$18/hour 21.60 Direct materials purchased 13.100 kg at $11/kg. Direct materials used $6kg x 0.3 kg 1.80 4.20 Fixed $14kg x 0.3 kg 5 30.00 Standard cost per doorknob Direct manufacturing labour Variable manufacturing overhead Fixed manufacturing overhead 8,000 kgs 29.600 hours for $710,400 $64,700 $162,000 This Eved min marhead Print Done Print Done Jeffrey Dickens is a cost accountant and business analyst for Dashing Design Company (DDC), which manufactures expensive b Dickens feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing ove (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Required Requirement 1. For the month of April, compute the variances, indicating whether each is favourable (F) or unfavourable (U). a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is c. The direct manufacturing labour price variance is d. The direct manufacturing labour efficiency variance is e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Can Dickens use any of the variances to help explain any of the other variances? Give examples The direct materials price variance indicates that DDC paid for brass than they had planned If this is because they purchased a qually brass, it may explain why they used brass than arpected leading material efficiency variance) In tum, since variable manufacturing overhead is assigned based on kilograms of materials used this directly led to the labour time to produce the doorknobs than expected (the why it took Finally the variances variable overhead efficiency variance. The purchase of this quality of brass may abe explain direct labour efficiency varianc direct labour price variance could imply that the workers who were hired were expedienced than expected, which could also be related to the drect material and direct labour efficiency