3/the following data about (x) company: standard data: standard quantity of material 10000 unit standard price of material $20 standard labor hours 15000(h) standard labor rate $10 denominator hours 12000(h) f-oh (variable) at denominator level $135000 f-oh (fixed) at denominator level $45000 actual data: purchased material quantity 20000 unit used material quantity 9000 unit actual material price $25 actual labor hour 17000(h) actual labor rate $8 actual f-oh required: compute variances and record entries