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Question list Question 1 Question 2 Question 3 Question 4 Standard Price and Volume Direct materials (resin) 10 pounds per pot at a cost of $3.00 per pound Direct labor. hour Standard variable manufacturing overhead rate $8.00 per direct labor hour Budgeted fixed manufacturing overhead $48,400 Standard fixed MOH rate 12.00 per direct labor hour (DLH) Help me solve this Video Get more help . Actual Results Grand Display allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,400 flower pots: Direct materials. ............... Purchased 15,340 pounds at a cost of $3.50 per pound; used 14,840 pounds to produce 1,400 pots Direct labor Worked 3.5 hours per flower pot (4,900 total DLH) at a cost of $20.00 per hour Actual variable manufacturing $8.30 per direct labor hour for total actual variable overhead manufacturing overhead of $40,670 Actual fixed manufacturing overhead Standard fixed manufacturing $48,200 overhead allocated based on actual $50,400 production..................... Requirements 1. Compute the direct labor rate variance and the direct labor efficiency varian 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances