Food Products Ltd produces containers of frozen food. The capacity of its factory is 2,400 cases of food per month. During the last month, the factory produced 1,450 cases of food and incurred the following costs. Direct materials (30,000 kilograms purchased and used) Direct labour (8,000 direct labour hours) Variable overhead Fixed overhead $ 66,000 151,200 12,800 28,000 The budgeting department provided the following standard costs and annual budget information (evenly distributed throughout the year): Standard costs per Case Direct materials (20 kg at $2 per kg.) Direct labour (5 hours at $18 per hour) Variable overhead (5 hours at $1.50 per hour) Fixed overhead (5 hours at $3 per hour) Total Budget information Variable overhead per year Fixed overhead per year Planned activity for the year $40.00 90.00 7.50 15.00 $152.50 $180,000 $360,000 120,000 direct labour hours Required: For the purpose of preparing the monthly performance report for the last month, calculate the following cost variances: Direct material price variance (DMPV) Direct material quantity variance (DMQV) Direct labour rate variance (DLRV) Direct labour efficiency variance (DLEV) Variable overhead spending variance (VOHSV) Variable overhead efficiency variance (VOHEV) Fixed overhead budget variance (FOHBV) -Fixed overhead volume variance (FOHVV)