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ANT Deres Malarial Varlatte Overhead 4.5 poust 1.2 labor hours 15 machine hours Standard Po/Rase $12.00 per pound 2000 per direct labor bour $8.00 per machine hour The wing informations compted muring the month of March 5000 units were produced $325.000 24.000 pounds of direct materials were purchased 24,000 pounds of direct materials were used in production 3,800 direct labor hours were recorded at a cost of $127,600 -7.200 machine hours were recorded at a cost of $59.400 Required: Compute the price and quantity variances for materials, labor, and overhead. Be sure to properly label each variance (eg MPV, MOV, LRV, etc.) as well as the direction of the variance (Favorable or Unfavorable). Show all of your work for partial credit. x EE 12pl Paragraph 18- f