AP-14B (L0 4 Champlain Manufacturing has two direct cost categories: direct materials and direct labor costs. The company's variable manufacturing overhead is allocated to products based on standard direct labor hours. The following information indicates the standards of Champlain's manufacturing costs: Direct Cost Categories Standard Quantity Direct Materials 7.5 pounds per output unit Direct Labor 0.3 hours per output unit Cost per Input Unit $11.25 per pound $22 per hour Manufacturing Overhead Cost per Input Unit $9.50 per Direct Labor Hour Variable Manufacturing Overhead By the end of May 2019 Champlain Manufacturing records indicated the following: $10.95 per pound $22.50 per hour Direct materials purchased and used Direct labor Total actual variable manufacturing overhead Actual production 92,000 pounds 4,350 labor hours $32,750 13,000 output units Parta) and b) Direct Materials Variances and Analysis Direct Materials Variance: AQ x SP Actual Results/ Units Total Actual Results Price Variance CST Quantity Variance Total Standard Allowed Standard Allowed/ Unit Units Produced Unite Produced Direct Materials D T I AQ SQ Materials/Units Produced AP SP Price/Unit AQxAP | DMPV AQ xSP DMQV SQxSP Total Cost DMV Total Direct Materials Variance Provide a possible reason for the favorable or unfavorable Direct Materials Price Variance. Provide a possible reason for the favorable or unfavorable Direct Materials Quantity Variance. Provide a possible reason for the favorable or unfavorable Total Direct Materials Variance. Part c) and d) Direct Labor Variances and Analysis Direct Labor Variance: F AQ x SP Actual Results/ Units Total Actual Results Labor Rate Variance u os Direct Labor Efficiency Variance Tor Total Standard Allowed Standard Allowed/ Unit Units Produced Direct Labor AQ SQ DLH/Unit AP SP DL price/unit | | AQ X AP AQxAP DLRV AQ x SP DLEV SQ x SP Total Cost DLV Total Direct Labor Variance Provide a possible reason for the favorable or unfavorable Direct Labor Rate Variance. Provide a possible reason for the favorable or unfavorable Direct Labor Efficiency Variance. Provide a possible reason for the favorable or unfavorable Total Direct Labor Variance. Parte) and f) Overhead Variances and Analysis u Variable Overhead Variance: AQ x SP Actual Results/ Units Total Actual Results VOH Spending Variance CAT Direct Labor Efficiency Variance Total Standard Allowed Standard Allowed/ Unit Units Produced Variable Manufacturing Overhead AQ SQ Units (DLH) | APT SP VOH price/DLH AQ X AP VOHSV AQ x SP DLEV SQ SP Total Cost VOHV Total Variable Overhead Variance Provide a possible reason for the favorable or unfavorable Variable Overhead Spending Variance. Provide a possible reason for the favorable or unfavorable Variable Overhead Efficiency Variance. Provide a possible reason for the favorable or unfavorable Total Direct Labor Variance