ZocH Price Acct 222 Ch11 Extra Credit (10 points) Data Set for E11-28A through EI11-32A ntry Designs is a manufacturer of large flower pots for urban settings. The company has these standards: Cou Direct materials (resin) Direct labor Standard variable manufacturing overhead 13 pounds per pot at a cost of $4.00 per pound 4.0 hours at a cost of $17.00 per hour $7.00 per direct labor hour $50,000 S10.00 per direct labor hour (DLH) rate Budgeted fixed manufacturing overhead Standard fixed MOH rate ountry Designs allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following pots: actual results for the production of 1,300 flower Purchased 18,510 pounds at a cost of $4.50 per pound; used 17,810 pounds to produce 1,300 pots Direct materials Worked 4.5 hours per flower pot (5,850 total DLH) at a cost of $16.00 per hour Direct labor $7.20 per direct labor hour for total actual variable manufacturing overhead of S42,120 Actual variable manufacturing overhead Actual fixed manufacturing overhead Standard fixed manufacturing overhead $49,500 allocated based on actual production Required Compute the direct material price variance and the direct material quantity variance. Compute the direct labor rate variance and the direct labor efficiency variance Compute the variable manufacturing overhead variances. Compute the fixed manufacturing overhead variances. 1. 2. 3. 4