43. Conduct a variance analysis for a manufacturing process using the following data:

Category	Actual Costs ($)	Standard Costs ($)
Direct Materials	40,000	35,000
Direct Labor	30,000	28,000
Variable Overhead	20,000	18,000
Fixed Overhead	15,000	12,000

Requirements:

• Calculate the total variance for each category.
• Analyze the variances into price and efficiency components.
• Present the analysis in a variance report.
• Discuss potential causes of each variance.
• Provide recommendations for cost control based on the analysis.
• Summarize the impact of variances on profitability.