Required: 1. Compute the costs of leather and direct labor that should be incurred for the production of 43,000 leather belts. 2. Compute the total budget variances for materials and labor. 3. Conceptual Connection: Would you consider these variances material with a need for investigation? 4. Refer to Exhibit 2.2 for a description of data analytic types. What data analytic type is used in Requirements 1,2 , and 3 ? The data analytic type for Requirement 1 is The data analytic type that best fits Requirements 2 and 3 is