Please help with the following question

P12.42A| (L0 2, :3, g) Soriano Manufacturing Company uses a standard cost accounting system to account for the manufacturing of exhaust fans. In July 2020, it accumulates the following data for 1,500 units started and finished: 6m Calculate variances and prepare an income statement. Cost and Production Data Units purchased 21,000 M 2m 22.000 $ 3.4 $ 300 Direct labour Manufacturing overhead was applied based on direct labour hours. Normal capacity for the month was 3,400 direct labour hours. At normal capacity, budgeted overhead costs were $20 per labour hour variable and $10.00 per labour hour fixed. Total budgeted fixed overhead costs were $34,000. Jobs finished during the month were sold for $280,000. Selling and administrative expenses were $25,000. Instructions a. Calculate all of the variances for direct materials and direct labour. LQV = $1,375 F b. Calculate the total manufacturing overhead variance. OHV = $5,500 F c. Calculate the overhead budget variance and the overhead volume variance. d. Prepare an income statement for management showing the variances. Ignore income taxes