#3 and #4, Please.

Cordon Corporation set the following standard unit costs for its single product: The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available: During the current quarter, the company operated at 708 of capacity and produced 42,000 units of product: direct labor hours worked were 250,000 . Actual costs incurred during the current quarter follow: Required: 1) Prepare the Direct Materials Price and Quantity variances 2) Prepare the Direct Labor Rate and Efficiency variances 3) Prepare the Variable Overhead Spending and Efficiency variances 4) Put together a story about what happened with the company costs this year (lie. why are the variances the way they arel