AP-14B LO 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 Cost per Input Unit Direct Materials 7.5 pounds per output unit $11.25 per pound Direct Labor 0.3 hours per output unit $22 per hour Manufacturing Overhead Variable Manufacturing Overhead Cost per Input Unit $9.50 per Direct Labor Hour 222 Variance Analysis and Standard Costing Chapter By the end of May 2019 Champlain Manufacturing records indicated the following: Direct materials purchased and used $10.95 per pound 92.000 pounds Direct labor $22.50 per hour 4350 labor hours Total actual variable manufacturing overhead $32,750 Actual production 13.000 output units Create a spreadsheet to calculate items a through t. Required Provide journal entries for a-d. Calculate the following variances # Direct materials price variance. $27,600 F b) Direct materials quantity variance $61,875 F o Direct labor rate variance $2175 U d) Direct labor efficiency variance. $9900 U Variable manufacturing overhead spending variance. $8575 F 1) Variable manufacturing overhead efficiency variance. $4275 U