PLEASE ANSWER THESE ASAP! WILL GIVE THUMBS UP!!!!

CenterWare is a manufacturer of ceramic bottles. (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct materials price variance and the direct materials efficiency variance. 2. What is the total flexible budget variance for direct materials? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct materials price variance and the direct materials efficiency variance First, determine the formula for the price variance, then compute the price variance for direct materials. (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) Actual price per input unit Standard price per input unit ) x Actual quantity of input Price variance ) x Data table The company has these standards: Direct materials (clay) 1 kg per bottle, at a cost of $0.44 per kg Direct labour 1/5 hour per bottle, at a cost of $14.80 per hour Static budget variable overhead $71,400 Static budget fixed overhead $29,580 Static budget direct labour hours 10,200 hours Static budget number of bottles 51,000 CenterWare allocates manufacturing overhead to production based on standard direct labour hours. Data table Last month, Center Ware reported the following actual results for the production of 66,000 bottles: Direct materials. 1.15 kg per bottle, at a cost of $0.50 per kg Direct labour. 1/4 hour per bottle, at a cost of $12.70 per hour Actual variable overhead $104,900 Actual fixed overhead. $28,500 Print Done