Plexible Actual Budget Sales (6,000 pools) $265,000 $265,000 Variable expenses Variable cost of goods 95,580 112,700 solde Variable selling 14.000 14.000 expenses Total variable expenses 109,500 126,700 Contribution margin 155,420 138,300 Tixed expenses Manufacturing overhead 63,000 63,000 Selling and 78,000 78,000 administrative Total fixed expenses 141,000 141,000 Net operating income $ 14,420 $ (2,700) (los) *Contains direct materials, direct labor, and variable manufacturing overhead. Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to "get things under control. Upon reviewing the plant's Income statement, Ms. Dunn has concluded that the maior problem les in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool Direct materiala Standard Standard PriceStandard Quantity or Rate Cout OF Hours $ 8.97 pounds 0.8 hours $6.90 per hour 5.52 $2.40 per hour 1.44 hours 52.30 pound $2.) per Direet labor Variable manufacturing overhead Total standard cont per unit $15.93 "Based on machine-hours. During June, the plant produced 6,000 pools and incurred the following costs: a Purchased 28.400 pounds of materials at a cost of $2.75 per pound. b. Used 23,200 pounds of materials in production (Finished goods and work in process inventories are insignificant and can be ignored.) C. Worked 5.400 direct labor hours at a cost of $6.60 per hour. d. Incurred variable manufacturing overhead cost totaling $10.920 for the month. A total of 3.900 machine-hours was recorded. It is the company's policy to close all variances to cost of goods sold on a monthly basis. Required: 1 Compute the following variances for June: a Materials price and quantity variances Labor rate and eficiency variances Variable overhead rate and efficiency variances