6 The following data were drawn from the records of Vernon Corporation. 15 Planned volume for year (static budget) 3,200 units points Standard direct materials cost per unit 3.00 pounds@ $1.20 per pound Standard direct labor cost per unit 3.00 hours @$4.90 per hour . Total expected fixed overhead costs $17,600 Sk'Pped Actual volume for the year (flexible budget) 3,500 units Actual direct materials cost per unit 2.60 pounds@ $1.70 per pound Actual direct labor cost per unit 3.40 hours @ $4.40 per hour eBook Total actual fixed overhead costs $14,000 Print Required References a. Prepare a materials variance information table showing the standard price, the actual price. the standard quantity. and the actual quantity. Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Calculate the predetermined overhead rate, assuming that Vernon uses the number of units as the allocation base. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). 'PnPF-PF Complete this question by entering your answers in the tabs below. ' Req A H Req B H Req C H Req D H Req E to G