25 points. Show your WIR JUF Uppurunues jur purlui creuit Malfoy Manufacturing makes a product with the following standard costs: Standard Qty Standard Price or or Hours Rate 4 Direct materials. 2 Liters $4.00 per liter 5 Direct labor. 1.5 hours $22 per hour 6 Variable overhead .... 1.5 hours $5 per hour 8 The company produced 5,000 units in September using 10,500 liters of direct material and 7,400 9 direct labor hours. During the month, the company purchased 11,000 liters of the direct material at 10 $4.25 per liter. The actual direct labor rate was $21.00 per hour and the actual variable overhead 11 rate was $5.25 per hour. 12 The company applies variable overhead on the basis of direct labor-hours. The direct materials 13 purchases variance is computed when the materials are purchased. 14 Required: 15 Calculate the spending variances, price variances, and quantity variances for direct materials, 16 direct labor, and variable manufacturing overhead