QUESTION 13 Great Ohio Company reported the following data to be used by its management accountant in performing variance analysis. Manufacturing overhead costs of this company is allocated on machine hour's basis. Budgeted Actual Direct labor hours 260 hours 315 hours Machine hours 390 hours 440 hours Units of output 1,300 units 1,520 units Direct material quantity 3,900 kilos 4,050 kilos Direct material cost $0.50 per kilo $2,835 Direct labor cost $3,150 $13 per direct labor hour $3,900 $4,300 Variable manufacturing overhead cost Fixed manufacturing overhead cost $8,190 $10,010 Requirements: 1) Determine Direct Material Price Variance of the company 2) Determine Direct Material Quantity Variance of the company 3) Determine Direct Labor Rate Variance of the company 4) Determine Direct Labor Efficiency Variance of the company 5) Determine Variable Overhead Spending Variance of the company 6) Determine Variable Overhead Efficiency Variance of the company 7) Determine Fixed Overhead Budget Variance of the company 8) Determine Fixed Overhead Volume Variance of the company