IV. Comprehensive Variance Analysis (20 points) Flushing Corp. produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor hours. The standard cost card for one unit of product is as follows: (2) Standard Standard Standard Quantity Price Cost Inputs or Hours or Rate (1) x (2) Direct Materials 6 oz. $0.50 per oz. $3.00 Direct Labor 0.6 hours $30.00 per hour 18.00 Variable Manufacturing Overhead 0.6 hours $10,00 per hour 6.00 Total Standard Cost Per Unit $27.00 During June, 2000 units were produced. The costs associated with June's operations were as follows: $10,800 Materials purchased: 18,000 oz. at $0.60 per oz.. Materials used in production 18,000 oz. Direct Labor: 1,100 hours at $30.50 per hour.... Variable Manufacturing overhead costs incurred. $33,500 ..$12,980 Required: Compute the direct materials, direct labor, and variable manufacturing overhead variances