Read the requirements. Requirements Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). 1. For the month of April, compute the following variances, indicating whether each is favorable (F) or unfavorable (U). a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Douglas use any of the variances to help explain any of the other variances? Give examples