Gibson Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles. During Year 2, Gibson planned to produce 25,000 drip candles. Production lagged behind expectations, and it actually produced only 20,000 drip candles. At year-end, direct materials purchased and used amounted to 33,100 pounds at a unit price of $0.65 per pound. Direct labor costs were actually $8.10 per hour and 24,300 actual hours were worked to produce the drip candles. Overhead for the year actually amounted to $102,000. Overhead is applied to products using a predetermined overhead rate based on estimated units. Required a.\&b. Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle. c.\&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle. e. Compute the price and usage variances for direct materials and direct labor. f. Compute the fixed cost spending and volume variances. Complete this question by entering your answers in the tabs below. Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle. (Round your answers to 2 decimal places.) Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Compute the price and usage variances for direct materials and direct labor. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Compute the fixed cost spending and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)