Please show work (cell reference if possible)

Variance Analysis JayCo Ltd. makes two kinds of nylon blend string for their tennis racquets. Nylon (the main ingredient) is purchased by the yard then blended with one of their two patented blends to make a Speed string and a Power string(both measured in packs). Jason is concerned about the cost of the string production and has asked you to do a variance analysis given the following information from last year: Packs of Actual string 125,000 yards of nylon purchased 11,800 DL hours made $ 175,000 total cost of nylon $ 185,000 Labor cost 1,200 unused yards $ 78,000 VOH Speed Beg. Inv. 123,800 yards used 20,000 Standards Quantity Price Pover 3 yards/pack $ 1.50 per yard 19,500 Speed 0.3 DLhripack $ 15.00 per hr Power 0.3 DLhripack $ 15.00 per hr VOH based on DLhrs $ 6.75 per hr OM Calculate the Direct Materials Spending Variance Actual Quantity of Input A Standard Price K--for MPV) Materials price variance AQ- (label) AP= (label) Actual TC = Materials price variance: Javorable or unfavorable ? --> Select: Materials quantity variance SQ = (label) SP= (label) Standard TC - aterials quantity variance Javorable or unfavorable ? --> Select: (for MQV -->) Calcualte the Direct Labor Spending Variance Actual Labor Hours Standard Rate Laborrate variance AH = (label) AR- (label) Actual TC = Labor rate variance: avorable or unfavorable ? --> Select: Labor efficiency variance SH = (label) SR - (label) Standard TC = abor efficiency variance Javorable or unfavorable ? --> Select: Spending variance Total DL variance: avorable or unfavorable ? --> Select: Calculate the Variable Overhead Spending Variance Variable OH rate variance AH = (label) AR- (label) Actual TC = ariable OH rate variance Lavorable or unfavorable ? --> Select: Actual Labor Hours Variable OH efficiency variance @ Standard Rate SH = (label) SR= (label) Standard TC = able OH efficiency variar Spending variance Javorable or unfavorable ? --> Select: tal Variable OH variand avorable or unfavorable ? --> Select: Based on what you found above, what are some ways that Jason could reduce costs