Clarissa McWhirter, vice-president of Cyprus Company. was pleased to see a small variance on the income statement after the trouble the company had been havisg in controlling thanufactuing costs. She noted that the $18,500 overall manufocturing variance reported last period was well below the 36 imt that had been set for varlances. The company produces and sells a single product. The standard cost card for the product follows: The following additional information is avalable for the year just completed: a. The company manufactured 20000 units of product during the year, b. A tofal of 78.000 metres of matetial was parchased duting the year at a cost of $3.25 per metre. All of this material was used to manufacture the 20000 units. There vere no beginning or ending inventories for the yeat c. The company woiked 32.500 direct labour hours duing the year ot a cost of $15 per hour: d. Owerhead cost is applied to products on the basis of standard diect labour-hours. Onta relating to manufacturing overhead costs follow: Pequired: 1. Compute the drect materiats price and quaritly variances for the year. (indicate the affect of eneh variance by selecting "F for fovornble, "Y" for unfinvoroble, and "None" for no effect (i.e, zero verincel) fovorabie, "U" fer untevereble, and "Wone" fer no sfilecr (l. +. sere verinnse)] 3. For manufecturing overhead, compute the following: a. The varlable overhead spending and efficiency vatlances for the year. (Indicate the effect of each variance by selecting * F for fnvornble, "U" for unfovoroble, and "None" for no effect (i.e., zero vorionce).) b. The fixed oventicad budget and volame vaiances for the yhar (lindicate the effect of ench varinnce by selacting "F" for fovarnble. "U" for unfeverable, and "None" for no effect ([.e., zero varience)] 4. Compute the total variance, (Indicate the effect of each varionce by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive volues.)