Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to questio 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 Variable overhead Fixed overhead Units produced (actual) equired: K4 0.75 pounds at $7.60 per pound 1.25 hours at $25.60 per hour $ 20.80 $ 415,920 17,330 10,100 pounds at $7.00 per pound 14,780 hours at $25.90 per hour $ 323,060 $ 384,740 12,160 units X7 1 pound at $8.20 per pound 1.50 hours at $30 per hour $ 22.60 $ 493,080 23,480 14,180 pounds at $8.50 per pound 22,280 hours at $32.20 per hour $ 462,212 $ 490,520 14,480 units Prepare a variance analysis for each variable cost for each product. Prepare a fixed overhead variance analysis for each product. ote: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for vorable, or "U" for unfavorable. If there is no effect, do not select either option. Answer is complete but not entirely correct. K4 X7 Price Variance Efficiency Variance Production Volume Production Volume Price Variance Variance Direct materials $ 6,060 F $ 7,448 U $ 4,254 U $ 2,460 Efficiency Variance F Variance Direct labor $ 4,434 U $ 10,752 F $ 49,016 U $ 16,800 U $ Variable overhead $ 15,636 U $ 15,636 F $ 41,316 F U 457,316 $ Fixed overhead $ 31,180 F U $ 2,560 F $53,667 U 443,400