1e year, the President is trying to understand what is going on the business and determine the root cause 5 can be implemented going forward. For Direct M aterials, Direct Labor and Overhead, break into the two ances and interpret the results (in steps 5a through 7c below). erials variance calculations, assume that any direct materials purchased, but not used are inventoried and l in the future. Break down the following variances, be sure to show your work and identify if the variance unfavorable: are the Materials Price variance re the Materials Quantity variance de a reasonable business reason why the company might have had these labor variances (both price and ne recommendation as to what management could do to bring the labor back in line with the standard. 2 difference in direct labor costs in to the following, be sure to show your work and identify if the variance unfavorable are the Labor Rate variance are the Labor Efficiency variance de a reasonable business reason why the company might have had these labor variances (both rate and one recommendation as to what management could do to bring the labor back in line with the standard. owing overhead variances for the month ,be sure to show your work and identify if the variance is favorable: are the Variable Overhead Rate variance are the Variable Overhead Efficiency variance de a reasonable business reason why the company might have had these labor variances (both rate and one recommendation as to what management could do to bring the labor back in line with the standard