I need help with the raw materials piece: Evaluate the standard and actual cost sheets provided to calculate direct product costs for AHC. Allocate the overhead cost and provide a detailed variance analysis including both rate and volume variances for labor, raw materials, and factory overhead. First, calculate the standard dollar costs for the units of output. Then provide a detailed analysis using all six variances. Required: Compute the standard dollar costs for the units of output. Compute AHC factory overhead volume variance. Compute a detailed analysis of AHC Labor using both rate and volume variance. Compute a detailed analysis of AHC Raw materials using both rate and volume variance. Compute a detailed analysis of AHC Factory Overhead using both rate and volume variance. Production & Cost Description Production & Cost Amounts Annual Production 1500 shoulder bags 2000 wallets 1000 buckle bags Raw materials in inches per unit (Width x Height x Depth = Volume) 1 shoulder bag = 12'' W x 15'' H x 8'' D 1 wallet = 6'' W x 10'' H x 5'' D 1 buckle bag = 13'' W x 16'' H x 10'' D Raw materials price per unit volume $1 per foot Assembly labor time (hours per unit) 1 shoulder bag = 4 hours 1 wallet = 2 hours 1 buckle bag = 4 hours Labor pay rate $20 per hour Assembly department overhead per direct labor hour $10 Color dying process machine hours (MH) 1 shoulder bag = 0.5 MH 1 wallet = 0.5 MH 1 buckle bag = 0.5 MH Painting department overhead per MH $20 Sales price 1 shoulder bag = $210 1 wallet = $140 1 buckle bag = $210 Fixed Cost $10,000 Variable SG&A $3 per unit for all three types (bags, wallets, buckles) Fixed SG&A $25,000 Actual amount of material purchased and used 9,990,000 inches The actual cost of material purchased and used $832,500 The actual amount of direct labor hours 20,000 The actual cost of direct labor $450,000 Actual production in units Shoulder bags = 3,775 Wallets = 3,829 Buckle Bags = 2,380 Actual overhead spending $378,773 Raw materials price per unit $0.95. in