elegant designs

refer sheet with data sets

question

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 flowerpots: E11-48B. Calculate and interpret direct materials variances (Learning Objective 2) Refer to the Elegant Designs data set. 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