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answer question 1-3 please Part 2: Use the following information to calculate the direct materials, direct labor, and variable overhead variances. Actual results for last

answer question 1-3 please image text in transcribed
Part 2: Use the following information to calculate the direct materials, direct labor, and variable overhead variances. Actual results for last month: 1. Calculate the direct materials price, quantity, and spending variances. Be sure to describe each as favorable or unfavorable. 2. Calculate the direct labor rate, efficiency, and spending variances, Be sure to describe each as favorable or unfavorable. 3. Calculate the variable overhead rate, efficiency, and spending variances. Be sure to describe each as favorable or unfavorable

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