A regional not-for-profit organization builds homes for low-income families in need of safe andaffordable housing. The organization must hire contractors to oversee the construction ofthese homes. During the past year, the organization spent more than expected on contractorsand the manager is trying to figure out what factors led to this increase in expenses. Theorganization had expected to build 50 homes, hire contractors for a total of 2,000 hours, andspend $70,000; however, the organization was actually able to build 55 homes during the pastyear, and they hired contractors who worked 2,090 hours in total at an hourly rate of $37.

A) Volume variance is $[Blank 1] B) Quantity variance is $[Blank 2]

C) Price variance is $[Blank 3] D) Of the three variances you calculated above, how many were unfavorable? [Write theWHOLE number corresponding to the total number of unfavorable variances - e.g. 0 or 1 or 2or 3] = [Blank 4] E) How much did the organization budget to pay per hour? $[Blank 5]F) How many hours did the organization actually spend to build a home, on average? [Blank 6