requirements 1 2 3 and 4 elegance is a manufacturer

legance 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.) 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. Requirement 1. Compute the direct labor rate variance and the direct labor efficiencyy variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then e 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. DL rate variance x ( x( Now compute the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor DL officiency variance xt Choose from any list or enter any number in the input fields and then continue to the next question i Data Table Elegance is a mandfacturer of large fower pots for urban setings. The company has these standards m(Cick the icon to view the actual results) m(Cick the icon to view the standards.) Requirements 1. Compute the drect labor rate variance and the direct labor efficiency variance. 2. What is the total varance for direct labor? 3. Who is generaly responsible for each variance? 4.Interpret the variances 12 pounds per pot at a cost of $3.00 Direct materials (resin) per pound 3.0 hours at a cost of $14.00 per hour Direct labor Standard variable manufacturing Requirement 1. Compute the direct labor rate variance and the direct labor eficiency variance. (Enter th final variance amounts to the nearest whole dolar. Label the variance as favorable (F) or unfavorable (U he $4.00 per direct labor hour overhead rate Begin with the direct labor rate varlance. First determine the formula for the rate variance, then compute Budgeled Sxed manufacturing overhead Standand fixed MOH rate $34,700 $7.00 per direct labor hour (DLH) Print Done Now compute the direct labor efficiency variance. First delermine the formula for the efficiency varance ONGHG0 I x Choose from any ist or enter any number in the input felds and then continue to the rext question BB S % & 2 3 4 5 6 8 delete W E R Y U P A D G J K L snter V 7 Data Table oots for 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 1,700 flower pots: nd the d ounds p ? ariance? Direct materials Purchased 22,290 pounds at a cost of er poun $3.10 per pound; Used 21,590 pounds to hours at rate vari produce 1,700 pots e dollar Worked 3.5 hours per flower pot (5,950 Direct labor 0 per dire irst dete 700 total DLH) at a cost of $13.00 per hour Actual variable manufacturing overhead... 0 per dire $4.60 per direct labor hour for total actual variable manufacturing overhead of $27,370 ariance. F Actual fixed manufacturing overhead $34,200 Standard fixed manufacturing overhead ber in the Print Done