Writeup In approximately 2 paragraphs, please use the results of your variance analysis to write a written recommendation to the management of Ford Seasoning about how they can improve their budget for the following period, and increase the profitability of the company. Requirement Calculate the following variances between Ford Seasoning's budgeted figures and the company's actual results. Actual Cost per Standard Cost per Pound of DM Actual Pounds of Direct Materials Cost Variance Pound of DM DM Used (600.00) 5.92 Actual Pounds of $ 6.00 7,500 Standard Quantity Standard Cost per Direct Materials Effeciency Variance DM Used of DM Used Pound of DM 600 7,500 Actual Cost per DL 7,400 $ 6.00 Standard Cost per Actual Amount of Direct Labor Cost Variance Hour DL Hour DL Hours Used 1,620 Direct Labor Efficiency Variance $ 2,600 VOH Cost Variance 21.00 Actual Amount of DL Hours Used 1,620 Actual VOH Cost Per DL. Hour $ 20.00 1,620 Standard Quantity of DL Hours Used Standard Cost per DL Hour 1,490 $ 20.00 (2,190) 13.65 $ 15.00 VOH Efficiency Variance $ 1,950.00 Actual Amount of DL Hours Used 1,620 Standard Quantity of DL Hours Used Standard VOH Cost per DL Hour Actual Amount of DL. Hours Used 1,620 Standard VOH Cost per DL Hour 1,490 15.00 Fixed Cost Variance Budgeted Fixed Actual Fixed Costs Costs (200) Fixed Cost Volume Variance 24,800 Budgeted Fixed 25,000 Allocated Fixed Costs Costs 162 25,000 24,838 Variance Analysis Prior to making the company's budget for month of January 20XX, the various managers at Ford Seasoning set the following standards related to the costs of production. Direct Materials Direct Labor Standard Cost Information Quantity Cost 0.50 pounds per jar 6.00 per pound. 0.10. hours per jar 20.00 per hour 0.10 hours per jar 15.00 per hour 0.10 hours per jar 16.67 per hour VOH FOH Actual Cost Information Item Amount Actual Pounds of Direct Materials Used 7,500 Actual Cost of Direct Materials 44,400 Actual Amount of Direct Labor Hours Used 1,620 Actual Cost of Direct Labor 34,020 Actual Variable Manufacturing Overhead 22,110 Actual Fixed Manufacturing Costs 24,800 Requirement Determine the actual direct materials cost per pound and the actual direct labor cost per hour Actual Cost of Direct Materials Direct Materials Divide by: Actual Pounds of Direct Mats Used Actual Direct Materials Cost per Pound 44,400 7,500 5.92 Direct Labor Actual Cost of Direct Labor 34,020 Divide by: Actual Amount of Direct Labor Hours 1,620 Actual Direct Labor Cost per Hour $ 21.00