Millex loy Company manufoctures a plastic swimming pool at its Westwood Plant. The standard cost for one pool is as follows: The plamt has beet experienang problems fa same time, as is shown by IIs June income stat ement when it made and sold 15,000 pools, the normal volume is 15,150 pods per morth. Fixed costs are allocated using machine-hours "Contains drect materials, drext labout anid variable manufacsuning ovemead Janer Dunn, the general manager of the viestwaad Fibn. want to get things under control. She need information about the oxerations in June since the income statement sigriallec that the problem could be due to the variable cost af gooch sold Dunn lens the follaving about operstions and costs in June a 30,000 kilograms of materials were purchased at a cost or 5770 per kilogam b 24,500 kilograms of materials were used in procuation ifin shed goods and wark-in-pracess inventorles areinsignificant and can be ignored | c 11.800 direct labout-hours were worked at a cost or \$7 per hour d Varlable manufacturing overhead cost tot alling \$7,023 for the manth was inaurred. A tacal of 5.870 machinehours was recorded Requlred: 1. Compute the following veriences for June: and "Mome" for tho effect ille, zero verlancel. Net varance 2-b. What impact did this figure have on the company's income statement? Naterials price vaiance Matelials quantity valance Labour rate valiance Variable oveihead efficency valiance Vailable ovethead ipending vailance labour efficency valiance "None' for no eftect lle, zero varlancel-1