Question 8 of 20 0.5/5 Culver Company has developed the following standard costs for its product for 2022: CULVERCOMPANY Standard Cost Card Product A Cost Component Standard Quantity Standard Price Standard Cost Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 4 12 $48 The company expected to produce 31,900 units of Product Ain 2022 using 95,700 direct labor hours. Actual results for 2022 are as follows: . 32,800 units of Product A were produced. . Actual direct labor costs were $792,940 for 96,700 direct labor hours worked. . Actual direct materials purchased and used during the year cost $372,625 for 135,500 pounds. Actual variable overhead incurred was $165,000 and actual fixed overhead incurred was $217,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance $ (b) Total Direct Labor Variance (c) Direct Labor Quantity Variance $ DADAN (d) Direct Materials Price Variance $ 33875 (e) Total Overhead Variance $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit