Requirements e standards: 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. (Enter the vald used: DL-D Actual Results compute there Print Done Standard Price and Volume Direct materials (resin) 14 pounds per pot at a cost of $3.00 per pound 3.0 hours at a cost of $18.00 per hour Grand Display 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 1,100 flower pots: Direct materials Purchased 16,870 pounds at a cost of $3.50 per pound; Used 16,170 pounds to produce 1,100 pots Direct labor Worked 3.5 hours per flower pot (3,850 total DLH) at a cost of $16.00 per hour Actual variable manufacturing overhead .... $7.20 per direct labor hour for total actual variable manufacturing overhead of $27.720 Actualfwed manufacturing overhead. $15,200 Standard fixed manufacturing overhead allocated based on actual production $19.800 Direct labor Standard variable manufacturing overhead rate Budgeted fixed manufacturing overhead Standard fixed MOH rate $7.00 per direct labor hour $15,800 $6.00 per direct labor hour (DLH) Print Done Print Done