1. The Accountant at EZ Toys, Inc. is analyzing the production and costs data for its Trucks Division. For October, the actual results and the master budget data are presented below. Actual Results Produced and sold Unit Selling Price Variable Costs: Budget Data 10,000 S15 and sales 12,000 $15 Unit Selling Price Unit Variable Costs: Direct materials 52,800 Direct materials Direct labor Variable OH $5 Direct labor 51,000 Variable OH Total variable Costs Fixed Overhead $126,800 $9,000 Total unit variable costs Fixed Overhead $11 9,600 Required: Prepare a variance analysis to compare actual results and master budget 2. Required: Use the data above to determine the flexible budget variance and the sales volu variance. 3. Required: Calculate the direct materials variances for October using the following Information regarding the use of direct mateials at EZ Toys' Trucks Division for October Standard Costs 2 units per truck @ $2.5 per unit Trucks produced in October 10,000 Actual Materials purchased and used 22,000 unitsS2.4 per unit 4. Required: Calculate the direct labor variances for October using the following Informatior regarding the use of direct labors at EZ Toys Trucks Division for October: Standard Costs 0.4 hours per truck @ S10 per hour Trucks produced in Actual Direct Labor costs = 10.000 Actual hours worked = 5,000 hours Total actual labor cost $51,000 Average cost per hour $10.20 What might be causing these variances