Cinturon Corporation produces high-quality leather belts. The compory's plant in Eolse uses a standard costing system and has set the fallowing standards for materials and labor: During the first month of the year, the Boise plant produced 92,000 bets. Actual leather purchased was 287,500 strips at 55.40 per strip. There was no beginning or ending inventories of leather. Actuat direct labor was 71,200 hours at $16.50 per hour. Required: Downigad Excel npreassheet 1. Break down the tatal varance for materials inte a price variance and a usage variance using the columnar and formula approaches