Question 2: Beaker Co, makes products for scientific experiments. One of the main products they sell are safety goggles. When Beaker Co. was preparing their budget for 2018, they had estimated these numbers in regard to the goggles they make and sell: Units Sold: Price: Direct Material per pair of goggles: Total Cost of Direct Materials: Direct Manufacturing Labor Hours per pair Labor Wage Rate: Variable Manufacturing per DLMH: Fixed Manufacturing Costs 80,000 pairs of goggles 9.00 per pair 4.2 ounces $268,800 15 hours $11 per hour $2.22 $9,800 On December 31t, Beaker Co. had these numbers regarding the manufacture and sale of their safety goggles Units Sold: Average Price per Unit: Average Direct Materials per pair of goggles: Average cost per ounce of DM: Total Direct Labor Manufacturing Hours: Total Direct Labor Manufacturing Costs: Variable Manufacturing Costs (based off DLMH) Fixed Manufacturing Costs 80,600 pairs $8.96 4.3 ounces 75 per ounce 12,904 hours $138,718 $29,034 9,750 Using this information, please do the following: a. Calculate the Sales Volume Variance for Revenue, Variable Manufacturing Overhead, and Fixed b. c. Manufacturing Overhead Calculate the Spending, Efficiency and Flexible Budget variance for Direct Materials Calculate the Spending, Efficiency and Flexible Budget variance for Direct Labor a. Sales Volume Variances Revenue Variable Manufacturing Overhead Fixed ManufacturingOverhead: b. Direct Materials Efficiency Variance: Spending Variance: Flexible Budget Variance: c. Direct Labor Efficiency Variance: Spending Variance: Flexible Budget Variance