Al-Jurf-Semiconductors LLC manufactures highly demanded tablets and other electronic equipment for export markets. The company reviews and revises standard cost figures annually and it is common practice to allocate fixed overhead using labor hours. Recently, the manufacturing variances in the tablet production line have caused great concern. The production line uses two main direct materials, the electronic components, and the external casing. At the coming monthly staff meeting, you are required to calculate and present performance report for the year ended May 31, 2020. Actual Results 8,000 units AED774,375 Static-Budget 8,500 units AED722,500 AED 70,125 AED3.00 Category Particulars Production Units sold Revenues Direct Materials External Casing Total cost Cost per gram Standard input per unit Total quantity used Electronic Components Total cost Cost per item Standard input per unit Total quantity used AED91,000 AED3.25 3.20 grams/unit 25,600 grams 2.75 grams/unit 23,375 grams AED 140,250 AED2.75 AED177,625 AED2.90 7 items/unit 56,000 items AFA 6 items/unit 51,000 items Diret Cost per gram AED3.25 3.20 grams/unit 25,600 grams AED3.00 2.75 grams/unit 23,375 grams Standard input per unit Total quantity used Electronic Components Total cost AED 177,625 AED140,250 AED2.90 AED2.75 7 items/unit 6 items/unit 56,000 items AED240,000 51,000 items AED135,150 Cost per item Standard input per unit Total quantity used Direct Labor Direct manufacturing labor Standard labor hrs, required Labor hour rate Fixed Overhead Total cost Absorption rate 2.1 hours/unit 2 hours/unit AED 13/hour AED 13.25/hour AED 102,000 AED 105,400 AED6.30/labor hour AED6.2/labor hour REQUIRED Calculate the following variances (show all relevant workings) a Sales Variance (total price and volume)