please note - this is a budgetary control (BC) topic/ managerial accounting - problem : questions at the bottom, thanks

Warped Hi-Fi produces high end turntables for audio connoisseurs; the company had the following data available: Budget Actual Sales $9,800,000 $9,650,000 Less operating expenses Advertising 22,400 18,500 Less production expenses Direct Materials 496,000 463,600 Direct Labor 248,000 270,000 Variable Overhead 14,300 15,200 Rent on Equipment 6,400 6,200 Income from operations 9,012,900 8,876,500 Required: A. Prepare (i.e. complete) the performance report above; speculate and describe a possible cause for each variance (except for direct materials and direct labor) and then suggest a specific follow-up action for each. B. In order to get a better control over the amounts spent on direct materials and direct labor, the company had previously implemented the following standards and achieved the corresponding results when 6,000 units were produced: Standards Actual Results Direct materials Each unit should have 10 pounds of Actual production used 61,000 direct materials purchased at $8 per pounds of direct materials at an pound average cost of $7.60 per pound. Direct labor Each unit should be produced in 2 1/2 Actual production required 18,000 hours at a direct labor cost of $16 direct labor hours at an average cost per hour. of $15 per hour. Calculate the price and quantity variance for direct materials and direct labor; as needed, round final calculations (i.e. each variance) to the nearest whole dollar. C. Given your results to part B above, speculate and describe a possible cause for each price and quantity variance and suggest a specific follow-up action for each