HedSound manufactures headphone cases. During September 2016, the company produced and sold 108,000 cases and recorded the follewing cost data EE (Cick te ontoview the cost data.) Read the requirements equirement 1.Compute the cost and officiency variances for direct materials and direct labor AC - achual cost, AQactual quantity, FOH fxed overhead, SC standard oost, SQ-standard quantity) Direct materials cost varianoe the ost varianoes for direct materials and direct lsbor, and idently whether each variance is favorable (F) or unfavorable (U). (Abbreviations used Formula Variance Requirements Direct labor cost variance 1. Compute the cost and efficiency variances for direct materials and diect 2. For manufacturing overhead, compute the variable overhead oost and labor efficiency variances and the fixed overhead cost and volume variances 3. HeadSound's management used beter quality materials during September Discuss the trade off between the two direct material variances Print Done