What is the total flexible-budget variance for both inputs (direct materials and direct manufacturinglabor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget?NancyLou, Inc., designs and manufactures T-shirts. It sells its T-shirts to brand-name clothes retailers in lots of one dozen. NancyLou's May 2012 static budget and actual results for direct inputs are as follows: Static Budget Number of T-shirt lots (1 lot = 1 dozen) 450 Per Lot of T-shirts Direct materials 15 meters at $1.70 per meter = $25.50 Direct manufacturing labor 2.3 hours at $7.90 per hour = $18.17 Actual Results Number of T-shirt lots sold 500 Total Direct Inputs Direct materials 8,100 meters at $1.95 per meter = $15,795.00 Direct manufacturing labor 1,100 hours at $8.00 per hour = $8,800.00 NancyLou has a policy of analyzing all input variances when they add up to more than 10% of the total cost of materials and labor in the flexible budget, and this is true in May 20122012. The production manager discusses the sources of the variances: "A new type of material was purchased in May. This led to faster cutting and sewing, but the workers used more material than usual as they learned to work with it. For now, the standards are fine."

Calculate the direct materials and direct manufacturing labor price and efficiency variances in May

2012