he Canmore Company manufactures a widget that requires one type of material (wood). The standard cost sheet includes direct material (wood) and direct labor information given below. The company has both ariable and Fixed Manufacturing Overhead costs. Overhead (OH) cost is applied based on direct labor hours (DLH). Information regarding OH is provided below also. Total Total Actual tandard Cost for 1 unit of Widget Quantity Unit Cost Cost/Widget Actual for November 2023 Quantity Cost rect Material (wood) 2.5 meter $4/m $10.00 Widgets Produced 1,350 irect Labor 3 DLH $18/DLH $54.00 Direct Material (Wood) used** 3,100 meter $12,710.00 ariable OH 3 DLH $25/DLH $75.00 Direct Labor 4,100 DLH $8,120.00 xed OH* 3 DLH $20/DLH $60.00 Variable OH $95,750.00 Based on 3,600 DLH (Master Budget) $199.00 Fixed OH $84,500.00 ** no beginning or ending inventory Shaded Space for Q-2 Full Mark Revd ased on Cost Variance concepts, please calculate the following items. Amount F /U irect Material Price Variance irect Material Usage Variance irect Labor Rate Variance irect Labor Efficiency Variance AWNNNNNN tal Var Overhead (OH) Flexible Budget otal Fixed OH Applied otal Overhead (OH) Flexible Budget Variance otal Overhead (OH) Production Volume Variance