Huang Company uses a standard cost accounting syatem so account for the manufacture of exhausi fans. In July 2016, it accumulates the following datu relative to 1.800 units si Manufaeturing overiead was applied oci the basis of direct labor hourn. Normal capacify for the month was 3,400 direct labar hours, Ai normal capacicy budgeted overhead costs were $16 per labor hour variable and $12 per labor hour fined Toral budgeted fixed overbead costs were 540,500 . Jobs finkhed during the month were sold for $270,000. Selling and administrative expenses were 520,000 Instractionts (a) Compuie all of the variances for (1) direet materils and (2) direct bber. (b) Compule the tolal overhead variance. (c) Prepare an income staterent far managenent. Ognore income taken) Dic. Material Prive in Qty Dic Labu Priu Total OH