Please analyze the following company information: Revenue & Spending Activity Actual Variances Flexible Variances Planning Quantity Sold 400 400 356 Total Revenues $20,800,000 $1,200,000 U $22,000,000 $2,420,000 F $19,580,000 Total Variable F Costs $5,200,000 $300,000 $5,500,000 Total Fixed Costs $7,000,000 $500,000 F $7,500,000 $605,000 $ - U $4,895,000 $7,500,000 Total Profit $8,600,000 $400,000 U $9,000,000 $1,815,000 F $7,185,000 Some of the companies variances are: Direct material price variance 800000 U Direct material efficiency variance Direct labor price variance 800000 F 0 Direct labor efficiency variance 300000 F Indicate for each statement whether it is consistent with the data provided above. Thus, if you say true, the statement matches the data above, if you say false, it does not. 1 Higher actual total variable costs versus budgeted total variable costs is driven by poor cost control. 2 The company paid more for its direct material per pound, but this resulted in less rework and therefore saved time and material. 3 The company paid more for labor per hour than budgeted. 4 The company's profit was $400,000 lower than budgeted before the period started. 5 The company did a good job managing their fixed costs. 6 The average price received was higher than budgeted.