Grip R Us manufactures high-end golf grips. Variance data for the polymer material used in the grips for the month of April, Year Xxx1 of operations are provided in the following table: Materials price variance Materials quantity variance Budgeted price for the material Flexible Budget quantity of the material $5,130.00 Unfavorable $1,500.00 Unfavorable $1.50 per pound 18,000 pounds Required: How much of the polymer material (in pounds) did Grip R Us actually use in production during the most recent a) month? b) What was the actual price paid by the company for the polymer material during the most recent month? Grip R Us reported the following actual results for the month of May, Year xxx1. Actual output 9,400 units Actual variable overhead $388,800 Actual fixed overhead $121,500 Actual machine hours 40,500 Machine hours Further, the following information is available regarding the budget for the company: Standard variable overhead rate $9.50 per machine hour Standard quantity of machine hours 4 per unit of output Budgeted fixed overhead $122,000 per month Budgeted output 10,000 units Required: c) Calculate the spending and efficiency variances for variable overhead d) Calculate the budget and volume variances for fixed overhead EN 10