Answer step by step all required question a,b,c and d

Variance Analysis 3M Industries produces compuser msemory chips and below is its perfomnance report for the month of December: The Clo of the compary is extremely satisfied with the figures. He commentod: "Finade we hawe gomew operathons whder control. Apparenty, the new produchion manoger is doing Fery woil. I heve mobiced much happier and more defficient work force an my dally fours dhrough the pant," Assume the following information has come to your attention: 1- The total standand variable cost ner unit is as folliow: 2. Direct materials purchased and used amounted to 8,400 pounds at $1.75 per pound. 3. Direct labor incurred in the manufacturing of 3,000 units botaled 11,100 hours at $6.00 per hour. 4- Variable manulacturing ovethead incurred amounted to 547,900. BFOIURED: a) Evaliate the performance report as currently presented. b) Compute the direct materials price and quantity variances. c) Compute the direct labor rate and efficicncy variances. d) Are things going as smoothly as the CEO betleves? Explia