L_.._'......_._ Hawaiian Fruit Complain},r produces canned fruits. During the month of June, Hawaiian Fruit produced 2,320 cases of canned fruits and incurred the following costs. Overhead is allocated based on direct labor hours. JIHE am WM Variable Overhead $ 17,600 $240,000 Fixed Overhead $ 41,600 $480,000 Actual Labor $241,920 based on 12,800 DL hours Actual Material $105,600 based on 48,000 pounds Standard Costs per Case are as follows: Direct Material, 16 pounds at $2 per pound 532 Direct Labor. 5.25 hours at $18 per hour $94.50 Variable Overhead. 5.25 DL hours at $1.60 per hr 3 8.40 Fixed Overhead, 5.25 DL hours * $3.20 per hour 13.31} TOTAL m Calculate ALL of the Variances (24 pts) and label each as Favorable or Unfavorable (8 pts}. 1. Direct Material a. Price 1:. Quantity 2. Direct Labor 5.. Rate b. Efciency Calculate ALL of the Variances (24 pts) and label each as Favorable or Unfavorable (8 pts). 1. Direct Material a. Price b. Quantity 2. Direct Labor a. Rate b. Efficiency 3. Variable Overhead a. Spending b. Efficiency 4. Fixed Overhead a. Budget b. Volume 5. Based on your results, analyze the variances and recommend improvement ideas for unfavorable variances. 5 pts