Refer to the Elegant Designs data set.
Elegant Designs is a manufacturer of large flower pots for urban settings. The company has these standards:

Elegant Designs allocates fixed manufacturing overhead to production based on standard direct labor hours. Last month, Elegant Designs reported the following actual results for the production of 1,600 flower pots:

Requirements
1. Compute the direct material price variance and the direct material quantity variance.
2. Who is generally responsible for each variance?
3. Interpret the variances.

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10 pounds per pot at a cost of $3.00 per pound 5.0 hours at a cost of $19.00 per hour $3.00 per direct labor hour Direct materials (resin) Direct labor Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate $94,000 $12.00 per direct labor hour (DLH) Purchased 17,820 pounds at a cost of $3.50 per pound; used 17,120 pounds to produce 1,600 pots Worked 5.5 hours per unit (8,800 total DLH) at a cost of $18.00 per hour $3.20 per direct labor hour for total actual variable manufacturing overhead of $28,160 Direct materials Direct labor Actual variable manufacturing overhead Actual fixed manufacturing overhead. Standard fixed manufacturing overhead allocated based on actual production .. $93,500 .............. $96,000