\#3: Anderson Corporation Anderson Corporation has provided the following budgeted information for February 2023 for its planning budget and standard cost card: Fixed Selling and Administrative for the month $9000/ month Each unit produced requires 6 pounds of direct materials, 2 hours of direct labor, and the company bases its manufacturing overhead on Direct Labor hours. During February, Anderson Corporation produced and sold 2000 units at a selling price of $75/ unit. A) Prepare a Standard Cost Card (see page 403) ) Prepare a Planning Budget at 2000 units c) Prepare a Flexible Budget for any number of units \#4: Anderson Corporation (use the date above in \#3) For the month of February, the company produced 2000 units as planned. It actually used11,900 pounds of direct material that cost $1.15/ pound. Workers actually worked 4200 hours at a rate of $14.50 /hour. Variable manufacturing overhead actually was $7800. Fixed Selling and Administrative actually was $10,000. () Calculate Materials Quantity Variance ) Calculate Materials Price Variance c) Calculate Labor Efficiency Variance D) Calculate Labor Rate Variance ) Calculate Variable Overhead Efficiency Variance ) Calculate Variable Overhead Rate Variance Show your formulas for \#4. Label each of the items A thru F as being either Favorable or Unfavorable variances