H Inc. produces cases for iPods for world distribution. The standard costs for making the iPods are as follows: Actual costs 800 pounds, at $64 2250 hours at $23.60 Direct materials Direct labor Factory overhead Standard costs 750 pounds, at $70 2400 hours, at $22 Rates per hour, based on 100% of normal capacity of 2750 labor hours: Variable cost, $4.80 Fixed cost, $7.00 Instructions: NOTE: SHOW ALL WORK. 1. 2. 3. Determine the three (3) direct materials variances. Determine the three (3) direct labor variances. Determine the three (3) factory overhead variances. $12300 - variable cost $19250 fixed cost