23 Sadier Clothes developed the following standard costs for its product for 2021: Direct Materials - 4 yards $5.00 per yard Directuator - 2 hour $10.00 per hour Variable Overhead - 2 hour $4.00 per direct labor hour Fixed Overhead - 2 hour $2.00 per direct labor hour Sadler's flexible budget is $4.00 per direct labor hour invariable costs plus $240,000 in budgeted fued costs Normal Capacity bs 120.000 direct labor hours Actual results for 2021 were are follows: 56,800 units of product were actually produced Direct labor costs were $1.092.000 for 112,000 direct labor hours actually worked Actual direct materials purchased and used during the year cost $1.108,800 for 231.000 yards al material Total actual manufacturing overhead costs were 5680,000 Using the above Information, calculate the following variances. Also indicate if the variance is favorable (F) or unfavorable (us NOTE: BE SURE TO SHOW YOUR WORK TO RECEIVE PARTIAL CREDITI USE THE LAST PAGE TO SHOW YOURS ON. MATERIALS: 2. Materials Price Variance 6. Materials Quantity Variance TOTAL Material Variance LABOR d. Labor Price Variance e. Labor Quantity Variance 1. TOTAL Labor Variance MANUFACTURING OVERHEAD & Controle Variable Overhead Variance h. Volume fled Overhead Variance LTOTAL Manufacturing Overhead Variance