Homework \#3 Hellier Contractors paints interiors of residences and commercial structures. The firm's management has established cost standards per 100 square feet of area to be painted Management has determined that 400 square feet can be painted by the average worker each hour. During May, the company painted 600,000 square feet of space and incurred the following costs: Required: A. Compute the direct material variances (price and usage). B. Compute the direct labor variances (rate and efficiency). C. Compute the variable overhead variances (spending and efficiency). D. Compute the fixed overhead variances (spending and volume). E. What might one other cost driver that this company could use as a basis for measuring activity and compute variances