Class Assignment The budgeted and actual cost of manufacturing one steel cabinet at Layman's Furniture Inc. is as follows: During April, the company produced 2,000 steel cabinets 1. Determine the budgeted cost and actual cost, respectively, of producing one steel cabinet (round to the nearest $ )? 2. Determine the direct materials price variance? 3. Determine the direct materials quantity variance? 4. Determine the direct material variance? 5. Determine the direct labor rate variance? 6. Determine the direct labor efficiency variance? 7. Determine the direct labor variance