Analytical Assignment 1: Use the following data to calculate the variances in the following questions. Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Resource Quantity Variable Quantity Variable Average Average Unit Cost Fixed Cost Fixed Cost Total Cost Labor 0.80 0.80 $16.00 $12.80 $12.80 $25.60 Supplies 7.00 0 1.10 7.70 0 7.70 $20.50 $12.80 $33.30 Actual Month Cost Lab Treatment SU #12 Actual Treatments = $1,100 Home Health Agency Costs Resource Quantity Used Unit Cost Total Cost Labor 1,600 $17.00 $27,200 Supplies 7,500 1.00 7,500 $34,700 Calculate the following variances and indicate whether each variance is favorable or unfavorable: 1.1. Efficiency Variance - Labor 1.2. Efficiency Variance - Supplies 1.3. Price Variance - Labor 1.4. Price Variance - Supplies 1.5. Volume Variance 1.6. Total Variance