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FlowerMate is a manufacturer of large flower pots for urban settings. The company has these standards:

$($Click the icon to view the standards.$)$

Read the requirements.

$($Click the icon to view the actual results.$)$

Points: $0$ of $1$

Read the rements.

Requirement $1.$ Compute the direct material price variance and the direct material quantity variance. $($Enter the variances as positive numbers. Enter currency amounts in the formul cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable $($F$)$ or unfavorable $($U$).$ Abbreviations used: DM $=$ Direct materials$)$

First determine the formula for the price variance, then compute the price variance for direct materials. $$

$)=$ DM price variance $$

$-)=$

$$

$$

Standards

Actual Results

FlowerMate 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 $1,000$ flower pots:

$\backslash$table$[[$Direct materials.........,$\backslash$table$[[$Purchased $12,900$ pounds at a cost of $$4\mathrm{.}40$ per pound;$],[$used $12,200$ pounds to produce $1,000$ pots$]]],[$Direct labor. $......,\backslash$table$[[$Worked $5\mathrm{.}4$ hours per flower pot total DLH$)$ at a$],[$cost of $$19\mathrm{.}00$ per hour$]]],[\backslash$table$[[$Actual variable manufacturing$],[$overhead$..................]],\backslash$table$[[$$$6\mathrm{.}40$ per direct labor hour for total actual variable$],[$manufacturing overhead of $$34,560$