4. Could you reconcile the Spending variances in Part 1 with manufacturing cost variances in Part 3? For example, how is the amount of Spending variance for direct materials in Part 1 explained by the amounts of the two direct material variances in Part 3? Excluding your quantitative analysis if any, your explanation should not be more than 1/2 page double spaced with a 12 font size. (10 points)