10 Question 5 eging of the year, Company prepared the following Master Budget, Flexible Budget, and Actual Results bat Ung the information below, determine the appropriate variances. Make sure you indicate both the amount and the direction Favorabi Untuvorable) of the variance Master Budget Flexible Budget Actual Results 300,000 340,000 350,000 Material Cost 140,000 136.000 156,000 Labor Cost 90.000 114,000 108.000 Contribution M Fored Costs 70,000 50,000 90,000 64,000 84,000 62,000 Net Income 20.000 26,000 22,000 A. What is the Volume Variance for material costs? B. What is the Overall Variance for material costs? C. What is the Flexible/Price Variance for labor costs? D. What is the volume Variance for labor costs? E. What is the Overall Variance for fixed costs? F. What is the Flexible/Price Variance for fixed costs