Coca-Cola Company set the following standards for its beverage production:

| Direct Materials | Quantity: 1 liter per unit | Price: $2 per liter | | Direct Labor | 0.5 hours per unit | Rate: $30 per hour | | Variable Overhead| $1 per unit | | Fixed Overhead | $2 billion per year |

During the month, 100 million units were produced, and actual costs were as follows:

Actual Costs	Amount ($)
Direct Materials	180 million
Direct Labor	15 million
Variable Overhead	20 million
Fixed Overhead	2.1 billion

Required:

• Calculate the direct materials price variance and quantity variance.
• Determine the direct labor rate variance and efficiency variance.
• Analyze the variable overhead spending variance.
• Calculate the total manufacturing overhead variance.
• Explain the impact of variance analysis on cost control measures.