PLEASE HELP ON REQUIREMENT 4, I WILL UPVOTE

Chic Ceramics 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 labour price variance and the direct labour efficiency variance. 2. What is the total flexible budget variance for direct labour? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct labour price variance and the direct labour efficiency variance. favourable (F) or unfavourable (U).) (Actualpriceperinputunit-Standardpriceperinputunit)(Actualquantityofinput=Pricevariancex1 favourable (F) or unfavourable (U).) Requirement 2. What is the total flexible budget variance for direct labour? (Enter the result as a positive number. Label the variance as favourable (F) or unfavourable The total flexible budget variance for direct labour is $45000 Requirement 3 . Who is generally responsible for each variance? The department is responsible for the labour price variance. Th department is responsible for the labour efficiency variance. Requirement 4. Interpret the variances. The? labour price variance means that Chic Ceramics's employees earned per hour than budgeted. This Chic Ceramics's profits by $ Last month, Chic Ceramics reported the following actual results for the production of 72,000 bottles: Direct materials .. 1.5kg per bottle, at a cost of $0.70 per kg Direct labour 1/4 hour per bottle, at a cost of $13.70 per hour Actual variable overhead $104,400 Actual fixed overhead ..... \$28,900 hours