4. Should Michael Bentfield's performance be variances? Why is it important for production managers evaluation be based solely on efficiency performance? Katharine Johnson to understand the causes of a variance before she evaluates 5. than performance evaluation, what reasons are there to calculating variances? from the for 6. What future problems could from Best Bikes' decision buy titanium online marketplace? adapted 7-34 Direct manufacturing labor and direct materials variances, missing data. (CMA, heavily direct Young Bay Surfboards manufactures fiberglass The standard cost of direct materials and manufacturing labor is board. This includes 40 pounds of direct materials, at the budgeted price of S2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of S14.30 per hour. Following are additional data for the month of July: 5,500 units Units completed 160,000 pounds Direct material purchases $432,000 Cost of direct material purchases 41,000 hours Actual direct manufacturing labor-hours $594,500 Actual direct labor cost 1,700 F Direct materials efficiency variance There were no beginning inventories. 1. Compute direct manufacturing labor variances for July. 2. Compute the actual pounds of direct materials used in production in July 3. Calculate the actual price per pound of direct materials purchased. 4. Calculate the direct materials price variance. 7-35 Direct materials efficiency, yield variances, Nature's Best Nuts produces specialty nut roducts for the gourmet and mix, and product is Zesty zingers, a mixture natural foods market. Its most popular The materials roasted nuts that are seasoned with a secret spice mixture and sold in 1-pound tins. direct tins, th almonds, cashews, pistachios, and seasoning. For each batch of 100