Question 26 18 pts The Sanders Company provides the following standard cost data: Direct Materials 3 gallons @ $5 per gallon $15.00 per unit Direct Labor 2 hours @ $12 per hour $24.00 per unit 2 hours @ $2 per labor Variable Overhead $4.00 per unit hr. Fixed Overhead $2.00 per unit Total Standard Cost $45.00 per unit Budgeted Volume is 25,000 units The fixed overhead rate is based on total budgeted fixed overhead costs of $50,000. During the period, the company actually produced and sold 24,000 units and incurred the following actual costs: Direct Materials 75,000 gallons @ $4.90 per gallon Direct Labor 47,500 hours @ $12.05 per hour Fixed Overhead $52,500 learn.vccs.edu Total Standard Cost $45.00 per unit Budgeted Volume is 25,000 units The fixed overhead rate is based on total budgeted fixed overhead costs of $50,000. During the period, the company actually produced and sold 24.000 units and incurred the following actual costs: Direct Materials 75,000 gallons @ $4.90 per gallon Direct Labor Fixed Overhead 47,500 hours @ $12.05 per hour $52,500 Calculate the following variances. Show the dollar amount of each variance and indicate whether each variance is favorable or unfavorable. A. Materials Price Variance B. Direct Labor Efficiency Variance C. Fixed Overhead Volume Variance HTML Editora BIYA - A - Ix E 3 1 1 x x, E - D V BVB 12pt