Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. Large Small Rubber 3 feet at $0.20 per foot 1.25 feet at $0.20 per foot Connector 1 at $0.02 1 at $0.02 At the beginning of the month, Ed Co. bought 26,000 feet of rubber for $7,540. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places. Direct materials price variance Direct materials quantity variance Total direct materials cost variance B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance $ C. If there was an unfavorable direct materials price variance of $120, how much did they pay per foot for the rubber? Round your answer to two decimal places. Actual price $ 90% 100% 110% Percent of capacity Direct labor hours Units of output 3,600 4,000 4,400 720 800 880 $3,960 $4,400 $4,840 Variable overhead Fixed overhead 5,600 5,600 5,600 $9,560 $10,000 $10,440 Total overhead Normal capacity = 100% and overhead is applied based on direct labor hours Standard overhead rate = $10,000/4,000 = $2.50 per direct labor hour Direct materials are $67.00 per unit. Direct labor is $24.50 per hour. Prepare a flexible budget for overhead based on the above data. Flexible Budget 720 800 880 Direct Material $ Direct Labor Variable Overhead Fixed Overhead Total