only part 3 and 4 please

Cordon Corporation set the following standard unit costs for its single product: $ Materials Standard Costs: Cost of material Standard Costs needed Direct Materials 25 lbs $4.00/1b $100/unit Direct Labor 6 DLH $8.00/DLH $48/unit Factory Overhead - Variable 6 DLH $5.00/DLH $30/unit Factory Overhead - Fixed 6 DLH $7.00/DLH $42/unit Total Standard Costs $220/unit The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available: Operating Levels 70% 80% 90% Production in units 42.000 48,000 54,000 Standard direct labor hours 252.000 288,000 324,000 Budgeted Overhead Variable MOH 1.260,000 $ 1.440,000 $ 1.620,000 Fixed MOH 2.016,000 $ 2,016,000 $ 2,016,000 During the current quarter, the company operated at 70% of capacity and produced 42,000 units of product direct labor hours worked were 250,000. Actual costs incurred during the current quarter follow. Direct materials (1,000,000) 4.250.000 Direct labor (250,000) 1.937.500 Fixed factory overhead costs 1,960,000 Variable factory overhead costs 1.200.000 Total actual costs 9,347,500 Required: 1) Prepare the Direct Materials Price and Quantity variances 2) Prepare the Direct Labor Rate and Efficiency variances 3] Prepare the Variable Overhead Spending and Efficiency variances 4) Put together a story about what happened with the company costs this year (ie why are the variances the way they are $ $