Prepare a complete analysis of Beal Manufacturing Company's January results. This means all relevant variances should be computed and clearly labeled. including for each: the appropriate name of the variance. the amount of the variance. and an indication of favorable or unfavorable. You should have eight specic variances in all 2 each for DM. DL. VMOH and FMOH. Start by building a legend of data in the worksheet labeled 'Calculations.' This is similar to the Master Data tab you created in previous projects. Then below your legend in the same 'Calculations' worksheet. build your charts using the data in the legend. Lastly. link every cell below {with a 1?) to the appropriate solution in your Calculations worksheet. ACC 1 3050- Mini-Critical Thinking Project - Standard costing The Beal Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2020, adopted the following standards for its manufacturing costs: Input Cost per Output Unit Direct materials 5 lb. at $4 per lb. $20.00 Direct manufacturing labor 4 hrs. at $16 per hr. 64 Variable manufacturing overhead $8 per DLH 32 Fixed manufacturing overhead $9 per DLH 36 Standard manufacturing cost per output unit $152.00 The denominator level for total manufacturing overhead per month in 2020 is 37,000 direct manufacturing labor-hours. Beal's budget for January was based on this denominator level. The records for January indicated the following: Direct materials purchased 40,300 lb. at $3.80 per lb. Direct materials used 37,300 lb. Direct manufacturing labor 31,400 hrs. at $16.25 per hr. Total actual variable manufacturing overhead $226,000 Total actual fixed manufacturing overhead $424,000 Actual production 7,600 output units