Marjorie Corporation manufactures a single product. The standard cost per unit of product is as follows. The master manufacturing overhead budget for the month based on normal productive capacity of 24,000 direct labor hours (12,000 units) shows total variable costs of $83,000 ( $8.5 per labor hour) and total fixed costs of $65,000 ( $7.5 per labor hour). Normal productive capacity is 25,000 direct labor hours. Overhead is applied on the basis of direct labor hours. Actual costs for November in producing 11,300 units were as follows. The purchasing department normally buys the quantities of raw material that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. The produrt were sold for $82.50 per unit. Assume that the amount of raw material purchased equaled the amount used. Instructions: a) Compute all of the materials and labor variances. b) Compute the total overhead variance. c) Compute the total variance d) Comment on management's efficiency in controlling manufacturing overhead costs e) Prepare an Income Statement for the month ended January 31, 2019 for Lucas Corporation. Remember the operating expenses should be divided in Selling Expenses and Administrative Expenses. Other accounts that you must use are