please fully complete the excel portion

a. Direct Materials Cost Variance Price variance: Actual price Standard price Variance Actual quantity \begin{tabular}{|r|} \hline$3.25 \\ \hline(3.20) \\ \hline 118,500 \\ \hline \end{tabular} Direct materials price variance $5,925 unfavorable Quantity variance: Actual quantity Standard quantity Variance Standard price Direct materials price variance favorable Total direct materials cost variance $1,125 unfavorable b. Direct Labor Cost Variance Rate variance: Actual rate per hour Standard rate perhour Varlance Actual hours Direct labor rate variance $7,020 unfavorable Time variance: Actual direct labor hours Standard direct labor hours Variance Standard rate per hour Direct labor time variance favorable Total direct labor cost vaniance favorable c. Factory Overhead Cost Variance Variable factory overhead controllable variance: Actual variable FO cost incurred Budgeted variable FO cost for 12,000 hrs. Variance favorable Fixed factory overhead volume variance: Hours at nomal capacity Standard hours for amount produced Productive capacity not used Standard fixed FO cost rate Variance unfavorable Total factory overhead cost variance unfavorable Alternative Computation of Overhead Variances: costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 40,000 units of product were as follows: Each unit requires 0.3 hour of direct labor. INSTRUCTIONS Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time variance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. Answer: Check Figure: c. Controllable variance, $(4,800)F