Problem (10 points). Oregon Optical Company is a fast growing chain of stores that specializes in eye examinations and the sale of corrective eyewear for customers. Attached is information concerning the company's eye examination operations for the previous year. REQUIRED: Compute the following cost variances for Oregon Optical Company. Round al calculations to the nearest whole dollar. (a) Direct labor price (rate) variance. (b) Direct labor quantity (efficiency) variance. (c) Variable manufacturing overhead price (spending) variance. (d) Variable manufacturing overhead quantity (efficiency) variance. Fixed manufacturing overhead price (spending) variance. Fixed manufacturing overhead volume (quantity) variance. OREGON OPTICAL COMPANY INFORMATION RELATING TO COMPANY OPERATIONS FOR PREVIOUS YEAR (1) 40,000 eye examinations were performed. The company budgeted that it would perform 36,000 exams. Each exam was budgeted to take 30 minutes. (2) The company had the following standard variable costs per exam. Optometrist direct labor costs: 30 minutes per exam at $40 per hour. (b) Variable manufacturing overhead: 30 minutes at $30 per hour. (3) The company budgeted $216,000 of fixed manufacturing overhead for the year. The company's predetermined rate for fixed manufacturing overhead was $6 per exam. (4) Actual costs for eye examinations for the year were as follows. Optometrist direct labor: 40,000 exams using an average of 35 minutes per exam at an actual cost of $38 per hour. (6) Variable manufacturing overhead incurred: $600,000. (c) Fixed manufacturing overhead incurred: S235,000