3. DL and VarMOH varlances: HoldOn Corporation makes a product with the following standard costs: Standard Quantity or Hours 9 grams 1.2 hours Standard Price or Rate $ 5.00 per gram $14.00 per hour $ 2.90 per hour Direct materials Direct labor Variable overhead 1.2 hours The company planned to produce 4,100 units of output during August and reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials 4,000 units 29,000 Grams 29,000 Grams 4,600 hours $ 59,500 $ 65,550 $ 11,060 Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor-hours. a. Calculate the direct labor spending variance. b. Calculate the direct labor efficiency variance. c. Calculate the direct labor rate variance. d. Calculate the variable overhead activity variance. e. Calculate the variable overhead efficiency variance. f. Calculate the variable overhead rate variance