1. O&A Toy Company manufactures a plastic swimming pool at its East Crest Plant Janet Wilson, who has just been appointed general manager of the East Crest Plant, has been given instructions to get things under control. Upon reviewing the plant's income statement, Ms. Wilson has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool Standard Quantity or Hours Standard Price or Rate Standard Cour Direct materials 3.0 pounds $240 per pound $ 720 Direct labor. 0.8 hour $9.50 per hour Variable manufacturing overhead 0.4 hour $3.20 per hour please put ".sign if the answer is negative, Ms. Wilson has determined that during September the plant produced 16,000 pools and incurred the following costs a. Worked 12,200 direct labor-hours at a cost of $10 20 per hour For O&A Toy company, compute Compute labor rate variances Compute labor efficiency variances