PR 10-33 (Algo) Direct-Material and Direct-Labor Variances (LO 10-1, 10-3) New Jersey Valve Company manufactured 7,600 units duting January of a control valve used by mikk processors in its Camden plant. Records indicated the following: Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 7,600 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. Prepare a schedule of standard production costs for January, based on actual production of 7,600 units. Prepare a schedule of standard production costs for January, based on actual production of 7,600 units. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. Prepare a schedule of standard production costs for January, based on actual production of 7,600 units. 1. Prepare a schedule of standard production costs for January, based on actual production of 7,600 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. For the month of January, compute the following variances (b.e., toro variance)