Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the basis of standard costs. The following data are for September: Standards Direct materials Direct labor variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) Required: 0.75 pounds at $6.20 per pound 1.25 hours at $24.20 per hour $ 19.40 $414,240 17,200 9,400 pounds at $5.00 per pound 14,710 hours at $24.50 per hour $ 295,060 $177,740 12,020 units a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product 1 pound at $6.00 per pound- 1.50 hours at $30 per hour $21.20 $491,610 23,410 14,110 pounds at $7.10 per pound 22,210 hours at $30.00 per hour $455,212 $489,400 14,410 units Note: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Direct materials Direct labor Variable overhead Fixed overhead K4 X7 Price Variance Efficiency Variance Production Volume Variance Price Variance Efficiency Variance Production Vo Variance