Check my wor Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below. Flexible Actual Budget $ 675,000 $675,000 Sales (15,000 pools) Variable expensest Variable cost of goods sold Variable selling expenses Total variable expenses Contribution margin Fixed expenses Manufacturing overhead Selling and administrative Total fixed expenses Net operating Income (loss) 435,000 20.000 455,000 220,000 461,890 20,000 481, 890 193, 110 130,000 130,000 84.00 14,000 214.000 214,000 $ 6,000 $ (20,890) Contains direct materials, direct labor, and variable manufacturing overhead, Janet Dunn, who has just been appointed general manager of the Westwood Plant has been given instructions to get things under control Upon reviewing the plant's income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool Standard Quantity or Hours 3.0 pounds 0.8 hours Standard Price or Rate $ 5.00 per pound $ 16.00 per hour Standard Cost $ 15.00 12.30 Direct materials Direct labor Complete this question by entering your answers in the tabs below. Required 1 Required 2 Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U for unfavorable, and "None" for no effect (i... zero variance). Input all amounts as positive values.) Net variance