Flandro Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Denominator activity (direct labor-hours) ... 5,000 Variable manufacturing overhead cost .. . $25,000 Fixed manufacturing overhead cost $59,000 The standard cost card for the company's only product is given below: Direct materials, 3 yards at $4.40 per yard.. .... $13.20 Direct labor, 1 hour at $12 per hour .... ... 12.00 Manufacturing overhead, 140% of direct labor cost ... 16.80 Standard cost per unit .... ...$42.00 During the year, the company produced 6,000 units of product and incurred the following costs: Materials purchased, 24,000 yards at $4.80 per yard. ...... $115,200 Materials used in production (in yards)....... 18,500 Direct labor cost incurred, 5,800 hours at $13 per hour. $75,400 Variable manufacturing overhead cost incurred . $29,580 Fixed manufacturing overhead cost incurred $60,400 Flandro performance report during the year as follows: Actual Units sold 5,000 Sales $35,000 Market size (in units) 100,000 Budgeted 4,000 $29,000 100,000 REQUIRED: Prepare an analysis of the variances below: a. Material price variance and Materials usage variance b. Labor efficiency variance and Labor rate variance C. Variable overhead spending variance and Variable overhead efficiency variance d. Fixed overhead spending variance and Fixed overhead volume variance e. Contribution margin variance and Contribution margin volume variance f. Sales price variance and Sales volume variance g. Market share variance and Market size variance