Exercise $1)$ Deporte Company produces single$-$colored t$-$shirts. Material for the shirts are dyed

in large vats. After dying the materials for a given color, the vats must be cleaned and prepared

for the next batch of materials to be colored. The following standards for changeover for a given

batch have been established:

During the year, $50,000$ pounds of material were purchased and used for the changeover activity.

There were $30,300$ batches produced, with the following actual prime costs:

Required: Compute MPV$,$ MUV, LRV$,$ and LEV and indicate whether favorable or

unfavorable.