binwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the basis of standard costs. e following data are for September: Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Fixed overhead Variable overhead Units produced (actual) K4 0.75 pounds at $6.20 per pound 1.25 hours at $24.20 per hour. $ 19.40 $ 414,240 17,260 9,400 pounds at $5.60 per pound 14,710 hours at $24.50 per hour $ 295,060 $377,740 12,020 units X7 1 pound at $6.80 per poun 1.50 hours at $30 per hour $ 21.20 $ 491,610 23,410 14,110 pounds at $7.10 per pou 22,210 hours at $30.80 per hou $ 455,212 $489,400 14,410 units quired: Prepare a variance analysis for each variable cost for each product Prepare a fixed overhead variance analysis for each product round intermediate calculations. Indicate the effect of each variance by selecting "F" for