4.) LeatherWood manufactures armchairs. The company sses standard cost accounting system In March 2024 11200 armchairs were produced The folowing standard and actual cost data applied to the month of March when normal capecity was 14,000 direct labor hours All materials purchased were used in production Cost Element Direct materials Standard (per wnit) Actual meters at S450 per meter 376 544 for 91,840meters 82 meters per unit and $410 per meter) Direct labor 12 hours at $13.00 per hour $202,137 50 for 14336 houns 128 hours per unit and $14 10 per hour) 12 hours at $6.00 per hour $48 000 foxed overhead foxed $3.50 variable $2.5 $36.000 variable overhead Overhead capacity, budgeted xed Overhead is applied on the basis of direct labor hours At normal overhead costs were $49,000, and budigeted variable overhesd costs were $36,000 Compute "total price and quantity variances for direct materials and direct labor" and total, controllable and volume variances for manufacturing overheed (30 pts)