13. Manufacturing Cost Variances. a) Make up your own Standard and Actual data for a production run of 60,000 units of a product. Every line of your actual data must be different than your standard data to receive credit. Use the following formats for 60,000 units. Standard data: X Cost Type Standard Price/Rate x Standard Quantity = Standard Cost Direct Materials (DM) $?.?? ??,??? = $??,??? Direct Labor (DL) $??.?? = $??,??? Factory Overhead (FO) $??.?? ??,??? $??,??? Total Standard Product Cost for 60,000 units = S???,??? ??,??? X Actual data: Cost Type Actual Price/Rate Actual Quantity = Actual Cost Direct Materials (DM) $?.?? ??,??? = $??,??? Direct Labor (DL) $??.?? ??,??? $??,??? Factory Overhead (FO) S??.?? ??,??? $??,??? Total Actual Product Cost for 60,000 units $???,??? X b) Calculate your Standard and Actual product cost per unit. c) Calculate your Direct Materials (DM) Price Variance, DM Quantity Variance, and total DM Cost Variance