Question 3 Ahmed Manufacturing LLC manufactures Product Q. In the previous month of September 2020, the company budgeted to manufacture and sell 3,300 Product Q at a variable cost of OMR74 per unit and total fixed costs of OMR45,000. The budgeted selling price per unit was OMR110. Actual results in that month were 2,600 units manufactured and sold at a selling price per unit of OMR112. The actual total variable costs were OMR229,600 and the actual total fixed costs incurred were OMR50,000. Ahmed Manufacturing LLC manufactures Product Q. The following data are available. DM (Standard/unit: 10 lb. at OMR4.50/lb.] OMR45 DL (Standard/unit: 0.5 hour at OMR30/hour] OMR15 Budgeted finished units 10,000 Budgeted units actually produced 9,580 Actual DM used 98,055 lb. Actual DL hours used 4,950 Machine Hours (MHs) (Actual) 9,000 Machine Hours (Budgeted) 9,800 Variable Overhead per MH (Actual) 5.50 Variable Overhead per MH (Budgeted) 5.25 Total Actual DL costs OMR154,350 Cost of DM purchased (Qty: 100,000 lb.) 456,000 Note: DM: Direct Materials and DL: Direct Labor (b) 0) Compute the price and efficiency variances for both items of DM and DL. () Compute the Variable Overhead Spending and Efficiency Variance (ii) Unrelated to the question above, compute the Fixed Overhead Spending and Production Volume Variance assuming that the yearly data for the total actual fixed overhead cost is OMR20,000 higher than the budgeted amount of OMR700,000 and budgeted production is 24,000 units lower than the actual production of 504.000