Direct materials: 5 yards of velvet material, $12 per yard $ 60.00 - Direct labor: 2 hrs. per train at $15 per hours 30.00 Variable Overhead: 3 Machine hours at $5 per MH$ 15.00 Fixed overhead: ($40,000/2,000 stockings) $ 20.00 Standard Cost per unit$125.00 They planned for and made 2,000 stockings. Actual results were: Purchased 12,000 yards and used 11,000 yards of material at a total cost of $162,000 Total Direct Labor Cost was $58,500 for 4,500 hours Variable Overhead was $19.140 for 5.800 machine hours . Fixed Overhead was $38,000 Calculate the direct materials, direct labor, and variable overhead variances. In addition, calculate the fixed overhead price variance and enter all the final answers in the boxes that follow below. Variance Type: Amount: Favorable (F) / Unfavorable ( Direct materials price variance 18,000 Direct materials quantity variance Direct labor rate variance Direct labor efficiency variance Variable OH price variance Variable OH efficiency variance Fixed OH price variance