X Elegance is a manufacturer of large flower pots for urban s Requirements (Click the icon to view the standards.) (Click the Read the requirements. 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct labor rate variance an unts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as Begin with the direct labor rate variance. First determine th Print Done Actual Results - X Standard Price and Volume Elegance allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,500 flower pots: Purchased 23,950 pounds at a cost of $4.50 per pound; 15 pounds per pot at a cost of $4.00 per Direct materials. . . . . used 23,550 pounds to produce 1,500 pots Direct materials (resin) . . . . . . pound Worked 2.4 hours per flower pot (3,600 total DLH) at a . . cost of $17.00 per hour Direct labor. . . 2.0 hours at a cost of $19.00 per hour Direct labor . . Actual variable manufacturing $3.30 per direct labor hour for total actual variable Standard variable manufacturing overhead rate . .. . $3.00 per direct labor hour overhead . . . . . . . . . . . manufacturing overhead of $11,880 Budgeted fixed manufacturing overhead . . . . $18,000 Actual fixed manufacturing overhead $17,700 Standard fixed MOH rate. . . . . . . . . . . . . . . $7.00 per direct labor hour (DLH) Standard fixed manufacturing overhead allocated based on actual production. . . .. . . . . . . . . . . . $21,000 Print DoneElegance is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. = DL rate variance