L Questions 1-5 are based on the following actual and budget data for XY Company for 20x4: Actual (Static) Budget Product X: units 600 500 direct labor hours 1100 1000 direct labor $ 10,900 10,000 units of direct material (purchased and used) 650 500 S of direct material 65,650 50,000 Product Y units 102 200 direct labor hours 620 1000 direct labor $ 6,150 10,000 units of direct material (purchased and used) 115 200 $ of direct material 10,925 20,000 S of Fixed Manufacturing Overhead $ of Variable Manufacturing Overhead 23,000 22,000 27,000 30,000 Assume that manufacturing overhead is allocated based on standard direct labor hours. 1. Calculate the total (i.c., for Product X + Product Y) static budget variance for direct material. Indicate if the variance is favorable or unfavorable. 2. Calculate the total sales volume variance for direct material. Indicate if the variance is favorable or unfavorable. 3. What is the standard manufacturing cost of one unit of product X? 4. Calculate the fixed overhead spending variance. Indicate if it is favorable or unfavorable. Calculate the overhead production volume variance