Q1. ABC Co. produces uniform product in the one production center and uses "Standard Costing Methods". Financial information that determined from the standard cost card of the company is as follows: STANDARD Expenses Unit Cost Unit Cost Direct Material 8 kg/unit 45 TL/kg 360 TL Direct Labor 5 DLH/unit 75 TL/DLH 375 TL Factory Overheads Variable 5 DLH/unit 50 TL/DLH 250 TL Fixed 5 DLH/unit 100 TL/DLH 500 TL Financial information of the company's actual costs in March, 2020 are as follows: Production Volume is 5.000 units The cost of issued raw material is 1.750.000 TL for 35.000 kg The wages of employees for 30.000 DLH is 2.100.000 TL Factory Overhead is 4.000.000 TL REQUIRED: According to budgeting Fixed Factory Overhead is 3.000.000 TL and standard capacity 6.000 units for 2020, 1- Determine both standard and actual costs as unit and total 2- Calculate Direct Material Variance 3- Calculate Direct Labor Variance 4- Calculate Factory Overheads Variance