Pine Oak Furniture manufactures high-quality wooden desks and uses a standard cost system. A standard cont card for one model of desk, the heritage", developed for 2019. is shown below Standard Cost per Unit Model: Heritage Standard Standard Standard Quantity Price Rate Cost Direct Materials 75 FX $0.45 per BF - $33.75 Direct Labour 1.25 Hrs $10.00 per $22.50 Variable Manufacturing Overhead 125 x $400 per 55.00 Paed Manufacturing Overhead 1.25 Hrs x $5.00 per HP - $7.50 Total Costs 8.75 Note: BF stands for board for The company expected to produce and sell 300 units of the Heritage in March 2019. Actual results for March 2019 are as follows: 310 units of the Heritage were produced A total of 21,600 BF of wood was purchased and used at a cost of $9,939. Actual direct labour costs were 56,908 for 396 direct labour hours worked. Actual varias de overhead incurred was $1,700 and actual fixed overhead incurred was $2,174. Required: Calculate the following variances and provide only sumerie values without any formatting to the boxes given below. Be sure to indicate whether the vinces we fourable unfavourable as instructed. Round to the 4th decimal places for interim numbers, and round to the 2nd decimal places for final results, Explanation Variance Value (absolute value] FavorableUnfavorable for favorable.enter for unfavorable) Center Example: DM Price Variance Material price variance Actual direct labour costs were 96,905 Tor 390 direct labour nous worked Actual variable overhead incurred was $1,700 and actual fixed overhead incurred was $2,174. Required: Calculate the following variances and provide only numeric values without any formatting to the boxes given below. Be sure to indicate whether the variances are favourable or unfavourable as instructed. Round to the 4th decimal places for interim numbers, and round to the 2nd decimal places for final results. Variance Value (absolute value) 100 Center FavorableUnfavorable Explanation for favorable enter for unfavorable) 100U Example: DM Price Variance a) Material price variance: b) Material quantity variance: c) Direct labour rate variance: Direct labour efficiency variance: e) Variable overhead spending variance: 1) Variable overhead efficiency variance: a) Fred overhead budget variance: Faced overhead volume variance: Mark for Review What's This