Problem 4 Tough 40 manufactures tablet cases Durine April 2019, the company produced and sold 107,000 cases and had the cost data shown below: Standard Cost Information Quantity Cost Direct Materials 2 parts $0.16 per part Direct Labor 0.02 hours $7.00 per hour Variable Manufacturing Overhead 0.02 hours $9.00 per hour Fixed Manufacturing Overhead = $32,980 for static budget volume of 97,000 units and 1.940 hours, or $17 per hour Actual Cost Information Quantity Cost Direct Materials 212,000 parts $0.21 per part Direct Labor 1,640 hours $7.15 per hour Variable Manufacturing Overhead Fixed Manufacturing Overhead Total Cost $ 44,520 $ 11,726 $ 8,000 $ 28,000 Required: Compute the following: a. Direct materials cost variance b. Direct materials efficiency variance c. Direct labor cost variance d. Direct labor efficiency variance e. Variable overhead cost variance f. Variable overhead efficiency variance 8. Fixed overhead cost variance h. Fixed overhead volume variance **MAKE SURE TO LABEL EACH VARIANCE AS "FAVORABLE" OR "UNFAVORABLE