5) (20 PTS) SHAWN'S CABLESOURCE MADE 150,000 CABLES BELOW ARE THE STANDARD VARIABLE COST FOR EACH CABLE PER CABLE DIRECT MATERIAL 1.2 LBS @ $ 1.42 $1.704 DIRECT LABOR .4 LABOR HOURS @ $23.65 $9.460 $5.200 $16.364 VARIABLE PRODUCT .4 LABOR HOURS @ $13.00 TOTAL PER CABLE INCURRED ACTUAL COSTS WERE DIRECT MATERIAL 195,000 LBS @ $1.45 DIRECT LABOR 66,000 LABOR HOURS @ $25.00 VARIABLE PRODUCTION OVERHEAD $282,750.00 $1,650,000.00 $760,000.00 COMPUTE THE DIRECT MATERIALS, LABOR, AND VARIABLE PRODUCTION OVERHEAD PRICE AND EFFICIENCY VARIANCE. AP X AQ MATERIAL LABOR OVERHEAD PRICE VAR SP X AQ EFF VAR SP X SQ