Data table results for direct inputs are as folows: Click the kon 10 view the data.) Read the tequirements. (Click the icon lo view adstional information,) Requirement 1. Calculate the drect materials and direct manufacturing laboe price and efficiency variances in May 2020 . What is ene total forible-budget variance for both inputs (direct matorials and direct manufacturing labor) combined? What percentage is this varianco of the lotal cost of direct materials and direct manufacturing labor in ane fexible budgen? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2020. Compleso the actual results, prico variance, and cost columns, then the officienc variance and flesiblo budget columns. Label each variance as tavoratie or untavoration. (Pound all answers to the neasest cent) The batal fexible-busaget variance for both icouls (ditect materists and diroct manutacturing hbon) combined is This variance is \\% of the total cost of drect materists and divect manutacturing tabor in the forcle budgot (Flound the variance bo the neatest cant and the percentage to two decimal places, \\( \\times x 068 \\) ) Requirement 2. Comment on the Mily 2020 results. Would you wontinue the \"experimenc of using the new material? A. ESciencies have improved in the drection indicated by the productisn managec. Rugged Amn should not continue to use the new material, though, since the civerall efliciency variance is Sta untruorable. B. Efliciencies have decinsd although the production nansger had indicatod thoy would improve. Athough the new matedal has superior qualify and feet. Rugged Asn ahculd not continue fo use the new material in light of the unfervoratio efticiencies. change to the standard maserial price since the new material costs more than the old. Making this chango to the cost accounting system is cemplex and very expensive