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Compute the direct materials price and quantity variances and identify each as favorable or unfavorable. A company reports the following information for its direct labor. AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. Required information [The following information applies to the questions displayed below] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $18 per pound and 0.20 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour: Assume the actual cost to manufacture 110 bats is $5,610.00. Compute the total cost variance and identify it as favorable of unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Required information [The following information applies to the questions displayed below] The fixed budget for 21,800 units of production shows sales of $545,000; variable costs of $65,400; and fixed costs of $144,000. If the company actually produces and selis 28,000 units, calculate the flexible budget income. Required information [The following information applies to the questions displayed below] The fixed budget for 21,800 units of production shows sales of $545,000; variable costs of $65,400, and fixed costs of $144,000. The company's actual sales were 28,000 units at $656,000. Actual variable costs were $113,600 and actual fixed costs were $137,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)