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1 Actual Results 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 1,200 flower pots: Direct materials Purchased 18,760 pounds at a cost of $5.30 per pound; used 18,360 pounds to produce 1,200 pots Worked 3.4 hours per flower pot (4,080 Direct labor total DLH) at a cost of $12.00 per hour Actual variable manufacturing overhead.. $5.70 per direct labor hour for total actual variable manufacturing overhead of $23,256 $22,700 Actual fixed manufacturing overhead Standard fixed manufacturing overhead allocated based on actual production $25,200 Print Done Standards Direct materials (resin) 15 pounds per pot at a cost of $5.00 per pound 3.0 hours at a cost of $13.00 per hour Direct labor Standard variable manufacturing $5.00 per direct labor hour overhead rate $23,200 Budgeted fixed manufacturing overhead $7.00 per direct labor hour (DLH) Standard fixed MOH rate Print Done Requirement 2. Who is generally responsible for each variance? The department is responsible for the materials price variance. The department is responsible for the materials quantity variance. Requirement 3. Interpret the variances. the standard budgeted price for resin. The materials price variance means that the actual price Grand Ceramics' personnel paid for resin resin than they should have to produce 1.200 pots. The materials quantity variance means that Grand Ceramics' employees used

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