Question $2$: A factory manufactures widgets. The standard cost data for one widget is as follows:

Direct Material: $5$ lbs @ $$3\mathrm{.}00$ per lb

Direct Labor: $2$ hours @ $$15$ per hour

Variable Overhead: $1\mathrm{.}5$ machine hours @ $$4$ per MH

During the last quarter, the factory produced $3,000$ widgets. The actual data for the quarter is:

Direct Material: $15,800$ lbs costing $$47,400$

Direct Labor: $6,500$ hours costing $$97,500$

Variable Overhead: $4,700$ machine hours costing $$19,600$

Perform a standard cost variance analysis for the variable manufacturing costs.