a PROBLEM 1 (30 Points) iigh perfarmane golfariver. The standard cont for he Ball Crusher Conm S10 S39 S 6 Direct Material 5 Ibs@ S20 Direct Labor 3 hrs @ S13 Variable Factory Overhead $2 per DLH Fixed Factory Overhead S1 per DLH Total $58 The company had budgeted $108,000 of fixed factory overhead and 108,000 direct labor hours for the year. The company produced 36,200 drivers and incurred 108,750 direet labor hours during the year. Actual costs and other data are as follows: Direct Material- Purchased 20,000 lbs @ S20.40; issued to production 18,000 lbs. Direct labor cost-- $1,318,900 Variable Overhead Cost--$206,000 Fixed Factory Overhead- $111,500 REQUIRED: Calculate a. Material Usage(Quantity) and Cost (Price) Variances b. Labor Efficiency(Quantity) and Rate (Price) Variances c. Variable Overhead Efficiency(Quantity) and Rate (Price) Variances d. Fixed Overhead Budget Spending (Budget) Variance and Volume Variance