Actual: Bought 1,100 pounds for $1,155 Used 760 pounds of RM DL was $6,932.50 for 1,175 hours $4,650 $18,100 Actual Production = 390 units Standards: RM - 2 pounds$1.00/ pound DL - 3 hours @ $6.00/ hour VOH 3 hours @$4.00 / hour FOH - 3 hours $15.00/ hour Normal production 400 units Required - Determine the following six variances and indicate it's "direction". NAME AMOUNT F UN 1 - Raw Material Price 2 - Raw Material Quantity 3 - Direct Labor Rate 4 - Direct Labor Efficiency 5-Variable Overhead Spending 6 - Fixed Overhead Spending 7 - Overhead Efficiency 8 - Overhead Volume