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Earthern Ware is a manufacturer of large flower pots for urban settings. The company has...

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Question

Accounting

Earthern Ware 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.)
Read the requirements. 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
)=
Actual Results
Earthern Ware 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:
\table[[Direct materials. ....,\table[[Purchased 9,300 pounds at a cost of $3.20 per pound;],[used 8,500 pounds to produce 1,000 pots]]],[Direct labor. ....................,\table[[Worked 2.5 hours per flower pot (2,500 total DLH) at a],[cost of $17.00 per hour]]],[\table[[Actual variable manufacturing],[overhead]],\table[[$6.20 per direct labor hour for total actual variable],[manufacturing overhead of $15,500 Please solve all of the requirenments for me not just Requirenmt 1!!!
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