Problem 1: Following are the standard costs (both direct and indirect) for a woman's leather jacket. The budget is based on the production of 3,500 jackets each month. Standard Costs DM: $28 per yard DL: $20 per DLH VOH: $7 per MH FOH: $157,500 annually X X X 2.5 3 yds DLH MH Cost/unit $ 70.00 $ 60.00 $ 14.00 $ 3.75 $ 147.75 2 Actual Costs for September Actual units produced 3,525 Actual MH this month 7,100 Actual VOH incurred $ 49,800 Actual FOH incurred $ 14,000 Purchased 9,000 yards of leather @ $27.75 per yard. Used 8,850 yards of leather in production. Incurred 10,650 DLH in September and paid at an average rate of $19.50 per DLH. Used 7,000 machine hours in production. Required: Calculate all eight variances (two each for DM, DL, VOH, and FOH)