Data table Headset manulachures headphone cases. During Soplomber 2024, the compary produced and sold 106,000 cases and moorded the following covt data: (Cick the iesn to view the cost date), Fiesd the requements Requlrement 1. Compute the cost and effiency variances for drect malerials and direct labor: Begin with the cost variances Select the required formulas, corpplt the cost variances for direct materials and direct labot, and idently whether eoch variance is favorabie (F) or untavorable (U). Next compute the efioiency variances. Select the requred formulas, eompue the efficiency variances for diect materias and direct labor, and isently whether eoch variance is tavorable (F) or untaverable (U). ( Wbbeviations used AC= actual cont AQ= actual quantly; FOH= fued overthood, BC = standerd cost 5O = standard quantily) Requirement 2. For manufactiring overhesd, compole the variable evectead cost and eficieccy variances and the ficed ovethesd bost and volume variances. Now momputs the varlable overhesd cost and effoency variances. Select the requeed fomulss, compute the variable overhed cost and efficiency variances, and identify whether each variance is Now compule the fixed overhead cost and volume variances. Select the required formulas, compute the fixed overhead cost asd volume variances, and identily whether each variance is Requirement 3. Headuefs manspemert used better quaity materals during Septomber. Owcum the bade-of betmeen Fe two drect material varlances. Headsers managertent knew that using higher qualty materials woud revit in w(h) They hoped these materals world cesuit in more eficient u than "starsiard" maserials. The recult was an overall