Please answer all the following parts. Thanks.

Smartsets manufactures headphone cases. During September 2018, the company produced and sold 107,000 mes and recorded the following costdata: Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances Select the required formulas, compute the cost variances for direct materials and direct labor and identify whether each variance is favorable (F) or unfavorable AC actual cost: AQ actual quantity: FOHfed overhead: SC standard cost: S tandard quantity) Abbreviations used Formula Direct materials cost variance Direct labor cost variance Next compute the efficiency variances Select the required formulas, compute the efficiency variances for direct materials and directibor and identify whether each variance is favorable For unfavorable (U) (Abbreviations used: AC actual cost AQ actual quantity: FOH foed Overhead: SC standard cost standard quantity) Fomula Direct materials efficiency variance Direct labor efficiency variance Choose from any list or enter any number in the input fields and then continue to the next question Quantity $ Direct Materials Direct Labor Variable Manufacturing Overhead 2 parts 0.02 hours 0.02 hours COS 0.16 per part 8.00 per hour 11.00 per hour fave Fixed Manufacturing Overhead ($32,980 for static budget volume of 97,000 units and 1,940 hours, or $17 per hour) Ich va ar Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead (209,000 parts @ (1,640 hours @ $ $ 0.21 per part) 8.10 per hour) $ 43,890 13,284 13,000 28,000 manufactures headphone cases. During September 2018, the company produced and sold 107 000 cases and recorded the following costat Click the icon to view the cost data) Read the requirements Requirement 2. For manufacturing overhead come the vari ethadond a nces and the wed overhead cost and volume variances Now compute the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and efficiency a nces, and unfavorable (U) (Abbreviations Used AC = actual cos. A actual quantity: FOHfed overhead C andard S tandard VOH wariable whether each wariance is favorable ) ) VOH Cost variance VOH officiency variance e and w ach Now compute the feed overhead cost and volume arances thered to (U) (Abbreviations used AC actual cotAQ actual QuantityFOH dov come a ndard cost head and volum standard quantity) FOH cost wrance FOH volume variance Tom o rner any number in the input fields and then continue to the next question Requirement 3. Smartsets's management used better quality materials during September. Discuss the trade-off between the two direct material variances They hoped these materials would result in more efficient usage a andard Smartsets's management knew that using higher quality materials would result in an materials. The result was an overall Choose from any list or enter any number in the input fields and then continue to the next