H 0 5-\"? What was the actual quantity of bikes produced? How many meters of direct materials were actually purchased? (Hint: Use the variance and your knowledge of the budgeted price for materials to solve for actual price; then solve for the quantity.) Is VOH underapplied or overapplied? By how much? Is FOH underapplied or overapplied? By how much? Explain the Production volume variance (PW)? Identify at least 3 of the variances (not the PVV) and explain to the executive board what the variances indicate. How is the firm doing