Products A B Sales (units) 1,900 3,100 Unit Selling Price $240.00 $148.00 Standard unit costs: Raw materials (@$1.50/lb) $60.00 $45.00 Direct Labor (@$20.00/hr) $50.00 $30.00 Overhead (@120% of DL$) $60.00 $36.00 Other production standards: Production volume (units) 1,900 3,100 Overhead budget: $80 per DL$ plus $75,200 fixed Overhead absorption: based on actual DL$ The years actual results were as follows: 1. 1,750 units of A were sold for a total of $427,000. 2. 3,250 units of B were sold for a total of $481,000. 3. Production totaled 1,800 units of A and 3,300 units of B. 4. 180,000 pounds of raw materials were purchased and used; their total cost was $275,400. 5. 9,450 hours of direct labor were worked at a total cost of $187,110. 6. Actual overhead costs were $265,192. Required: a. Do as detailed an analysis of variances as the data given permit. b. Prepare a summary statement for presentation of Deltas top management showing the years budgeted and actual gross margin and an explanation of the difference between them