Question: URGENT, Please explain the process!! Data table Data table At the beginning of 2020 , DDC budgeted annual production of 430,000 doorknobs and adopted the
URGENT, Please explain the process!!


Data table Data table At the beginning of 2020 , DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Price a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor. I c. The direct manufacturing labor price variance is d. The direct manufacturing labor efficiency variance is e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Complete the table for fixed overhead. g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Requirement 2. Can Harris use any of the variances to help explain any of the other variances? Give examples. The direct materials price variance indicates that DDC paid they purchased a quality brass, it may explain why they used material efficiency variance). for brass than they had planned. If this is because brass than expected (leading to a(n) In turn, since variable manufacturing overhead is assigned based on pounds of materials used, this directly led to the variable overhead efficiency variance. The purchase of this quality of brass may also explain why it took labor time to produce the doorknobs than expected (the direct labor efficiency variance). Finally, the direct labor price variance could imply that the workers who were hired were experienced than expected, which could also be related to the direct material and direct labor efficiency variances
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