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Elegance is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cont, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. - X DL rate variance Requirements 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances, Print Done Actual results Standard price Elegance 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 1,500 flower pots: Purchased 20,750 pounds at a cost of $4.30 per pound; Direct materials used 19,950 pounds to produce 1,500 pots Worked 5.4 hours per flower pot (8,100 total DLH) at a Direct labor.... cost of $15.00 per hour Actual variable manufacturing $2.40 per direct labor hour for total actual variable overhead ............ .... manufacturing overhead of $19.440 Actual fixed manufacturing overhead $81.300 Standard fixed manufacturing overhead allocated based on actual production........................ 582,500 $ 13 pounds per pot at a cost of $4.00 per pound 5.0 hours at a cost of $18.00 per hour $2.00 per direct labor hour $81,500 Direct materials (resin). Direct labor. Standard variable manufacturing overhead rate ... Budgeted fixed manufacturing overhead Standard fixed MOH rate $11.00 per direct labor hour (DLH) 0 Print Done Check answer Elegance is a manufacturer of large fower pots for urban setings. The company has these standards the foon to view the standards.) Cick them to the actual results Red Requirement Compute the direct laborales and the director icone neeth van be the currey mountain the formules to the the round fra vest the whole of Label the variance Forever (U) Atom OL-Dilbert Bogn win the directorate variance. Fra determine the formula x the rare variance en compute the rene variance for director Otrateur Requirements Actual results 1. Compute the direct were variante de director office on 2. What is the total variance for direct bor? 3. Who is generally magonsible for each variance? 4. pret the variances tandard price and volume Elegance alocated for manufacturing overhead to production based on standard direct stor hours Last month, the company reported the following actual results for the production of 1.500 fewer pots Purchd 20.780 pout of 31.30 per point Deter 3.60 punto pronto 1.500 West hours per w.100 DO Director ..cost of $15.00 per hour Actual variable mandating $2.40 per direct labor tour for for a variable overhead montering overhead of 19.440 Actual fund manufacturing overhead 181.300 Standarded manung overhead allocated based on actual production 52 500 13 pounds per port cost of 100 per Direct materials in pound Owlbor Shortcode 100 per hour Standard variabile manufacturing everadrato.52.00 per direct labore Budgeted flod manufacturing overhead Standardlied MOH rate 511.00 per direct labee hour (OLHI Elegance sa manacturer of flower pots torneigs The company has the standarda roke icon to view the Read more Tequirements Requirement 1. Compute the direct laborale ice and the direct laboreficiency van (Enter the spot thermt whole ole vastabor vores Labor Begin with the direct labore variance. Forutermine the form for the rearance. The compute the wale wariance for direct labor Da vara 1. Compute the director and the director efficiency 2. What is more for deactor 2. Who is only for each wo? 4. prevarras Print Done Actual results Standard price and volume Elegance allocated fred marotargowed to production based on standard director hours La more company recorded the final results for the production of $500 for Purchased 20.750 pounds of 5430 per pour Direct muterials used 9.00 pounds to produce 1500 pot W 5.4 hours per 100 OLHO Direct labor cost of $15.00 Actual variable marcturing $2.40 per director hour for the overhead acturing one of $19.40 Actual feed manufacturing overhead 581300 Standard feed manufacturing overhead allocated based on actual production $2.500 Direct materialer Director Standard rating out Buduaaring overed Standard MOH 15 pounds per $4.00 pound 50 cost of $16.00 h 52.00 per box hour 589500 SH dabar hour Elegance is a marutacturer of large lower pots for utan ting. The company has the standards Click the cow the standards (Cick the moon to view it Read more Requirement 1. Compute the direct labore variance and the metaboe elfcere variance the positive me the trecumnyamart in the formation mana ener whole oftar Label the various for for unge (UlWind Of Droon Begin win the decoration Prototermine the form for the role variance, the competence for director Requirements wananca 1. Come here are one and we w What the total verde de direct 2. W wysport for the Actual results Print Done Standard 13 pound BO Elegance located fred mentorg overtatto con standard de ou Last month, the company marted the folow us for production of 1.500 Bowerpo Purchased 20.750 pounds con 14 pound Direct wad 10.0 pounds to reduce1.0 pole Words hours pero por 100H Direct labor 315.00 h Actual variable manufacturing $240 bornou for our overhead magoval of 1040 Actual Tied manufacturing ved $81.300 standard med manufacturing overhead allocated based on the production 582.500 Direct Dabar Sundan arah mating we Bulgated fund manufacturing evertad Standard MON . MOSER 520 pershor 111.00 hou