Data table Purctases 4.0Qa sounds at a cot ci 53.70 per pount Ueed 1, bot pocinds in prosuary 60 batehes Actur wariabie Movi 3900 Actad leed WCH 11. 600 1. Calculate the standard cost of one batch. 2. Calculate the following variances: a. The direct material variances. b. The direct labor variances. c. The variable manufacturing overhead variances. d. The fixed m \hnufacturing overhead variances. 3. Have the company's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why or why not? 4. Describe how the company's managers can benefit from the standard costing system. Do you think the company should continue with the standard cost system? Data table Purctases 4.0Qa sounds at a cot ci 53.70 per pount Ueed 1, bot pocinds in prosuary 60 batehes Actur wariabie Movi 3900 Actad leed WCH 11. 600 1. Calculate the standard cost of one batch. 2. Calculate the following variances: a. The direct material variances. b. The direct labor variances. c. The variable manufacturing overhead variances. d. The fixed m \hnufacturing overhead variances. 3. Have the company's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why or why not? 4. Describe how the company's managers can benefit from the standard costing system. Do you think the company should continue with the standard cost system