Please answer ALL requirements and show calculations.

E8-29 (final answer) 3 Question Help Colden Thomas is a cost accountant and business analyst for Daisy Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct cost categories: direct materials and direct manufacturing labor. Thomas feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Requirements 1. For the month of April, compute the listed variances, indicating whether each is favorable (F) or unfavorable (U). 2. Can Thomas use any of the variances to help explain any of the other variances? Give examples. Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) is L Choose from any list or enter any number in the input fields and then click Check Answer. 0 Data Table At the beginning of 2014, DDC budgeted annual production of 420,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lbs. @ 59/b. $ 2.70 Direct manufacturing labor 1.2 hours @ $17/hour 20.40 Manufacturing overhead: Variable $4/1b x 0.3 lb. 1.20 4.50 Fixed $15/lb. x 0.3 lb. 28.80 Standard cost per doorknob Print Done i List of Variances a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance Print Done * Data Table Actual results for April 2014 were as follows: Production 34,000 doorknobs Direct materials purchased 12,400 lbs. at $11/lb. Direct materials used 10,100 lbs. Direct manufacturing labor 29,100 hours for $640,200 Variable manufacturing overhead $64,300 Fixed manufacturing overhead $162,000 Print Done