Assume the following production related data for the entire demand for the Bella Doll; Standard Cost Actual Cost Direct materials Standard: 5 yards at P86 per yard P 430.00 Actual: 4.8 yards at P85.75 per yard P 411.60 Direct labor Standard: 40 hours PB per hour 320.00 Actual: 37.5 hours P8.5 per hour 318.75 Variable manufacturing overhead Standard: 40 hours P2 per hour 80.00 Actual: 38 hours P2.25 per hour 85.5 Total Cost per unit of Bella Doll P 830.00 P 815.85 Requirement: (6) Compute and write an analysis of the variances: . Materials : Price, Quantity or Usage, Spending Variance Labor & Overhead: Rate, Efficiency, Spending Variance (7) How much is the total spending variance of the period for the Bella Doll? What are the possible causes of such materials, labor, and variable manufacturing overhead variances? (8) Based on your variance analysis, what can you recommend