Chapter 8 Case 1 Chamberin Manufacturing has developed the following cost standards for its groduct. The followine information reiates ts tha manth of Mau. Create a spreadsheet to cakulate the following variances. Be sure to show the calculations. The check figures are included in parenthesis. a. Direct Materials price varlance. (62,000) b. Direct Materials tadantity variance (48,0000) c. Direct tabis rate variance. (150,000F) d. Direct Labor efficiency voriance (56,f000) e. Variable Overhead spending var inte. 215,000 f 1. Variable Overtuead elfieinhty variatere. (21,0000) Bonus: Create a spreadsheet that intludes the entries for the fallowas transactions: Record the purctate of thaterials atad the assiciated onice variance