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A cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. The accountant feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used.

Please show all work for parts A,B,C,D and every step to how you found your answer!

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X Data Table At the beginning of 2017, DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. @ $11/lb. $ 3.30 Direct manufacturing labor 1.2 hours @ $15/hour 18.00 Variable manufacturing overhead $6/lb x 0.3 lb. 4.20 Fixed manufacturing overhead $14/1b. x 0.3 lb. $ 27.30 Standard cost per doorknob 1.80 Print Done A Data Table Actual results for April 2017 were as follows: Production 34,000 doorknobs Direct materials purchased 12,800 lb. at $12/1b. Direct materials used 10,050 lbs. Direct manufacturing labor 29,700 hours for $623,700 Variable manufacturing overhead $ 64,800 Fixed manufacturing overhead $160,000 Print Done Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. * Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Direct materials $ 153,600 $ 140,800 $ 110,550 $ 112,200 a. Direct materials price variance (based on purchases) is $ 12,800 b. The direct materials efficiency variance is $ 1,650 F Now complete the table for direct labor. Actual Costs Incurred Direct Manuf. Labor $ 623,700 Actual Input Qty. Budgeted Price $ 445,500 Flexible Budget $ 612,000 c. The direct manufacturing labor price variance is $ 178,2009 u d. The direct manufacturing labor efficiency variance is $ 166,500F

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