Comprehensive: Master Budgets, Variances, Performance Evaluation During 2019, Sudsy Soap recorded the following cost data: Standard Cost Information Direct Materials Direct Labor Quantity 3 lbs per jug 0.30 hours per jug Cost $2 per lb $12 per hour Variable MOH 0.30 hours per jug $12 per hour Fixed MOH Static Budget Amount: $ 38,340 0.30 hours per jug $ 21.00 per hour Actual Cost Information Direct Materials Direct Labor Variable MOH Fixed MOH 20,700 lbs $ 2.50 per lb 2,060 hours 2,060 hours SS 12.40 per hour 3a. Compute the cost and efficiency variances for direct materials and direct labor. 11.60 per hour $ 36,540 3b. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 3 3c. Prepare the standard cost income statement for 2019. 5 . 30