Complete a variance analysis foc DM (both wood and wheels) and DL, determining the price and efficiency variances for each, be sure to specify the amount and sign of each variance. Complete a variance analysis for DM (both wood and whets) and DL, determining the price and efficiency variances for each; be sure to specify the amount and sign of each variance. The company where David works produces skateboards locally but sells them globally for $60 each. David is one of the production managers in a meeting to discuss preliminary results from the year fust ended. Here is the information they had in front of them Actual results - Quantity of wood purchased, 220,500 foet quantity of wood used, 214,500 feet. - Quantity of wheels purchased, 408,340 wheels, quantity of wheels used, 392,340 wheek - Actual cost of the wood, $430 per foot - Netual cost of the whech, 5050 per whicel - Quantity of DL hours used, 24,180 hours, actual cost of DL hours, 396,60 per hour. - Nctual units produced 78,000 wateboards