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Driq this period, the company produced 4,800 units of product. A comparison of stantard and icteresift the peried ce a tocal cost basis is also given above. Reres so itventicy of materials on hand to start the period. During the period, 21,120 metres EVriti az purchased and used in production. The denominator level of activity for the period was theing. Hor Gintet meserials; a Congute the price and quantity variances for the period. 1. Arpue the price and quantity variances for the peniod. hf atbolable entries to record all activity relatiag to direct materials for the period. Copele the rate and efficiency variances. Cotoreres joulnal entry lo record the incurrence of direct labour cost for the period. Diverc the varible manufactaring overhead spending and efficiency variances. To pre the filed onerbead budget and volume variances. A Drester the 52.256 total cost variance, the company's president stated, "It's obvious that our: Ahe pow intle tader control," Do you agree? Explain. Tow this the causes of each variance that you have compated. Itey Coeaprehensive Variance Analysis with Incomplete Data; Journal Entries 04, LO, 10,6,1.09]