93. Perform a variance analysis for a production process with the following data:

Category	Actual Costs ($)	Standard Costs ($)
Direct Materials	75,000	70,000
Direct Labor	62,000	60,000
Variable Overhead	45,000	40,000
Fixed Overhead	28,000	25,000

Requirements:

• Calculate the total variance for each category.
• Analyze the variances into price and efficiency components.
• Present the analysis in a variance report.
• Discuss potential causes of each variance.
• Provide recommendations for cost control based on the analysis.
• Summarize the impact of variances on profitability.