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) 9.75 pounds at $9.20 per pound 1.25 hours at $27.20 per hour $22.40 $417,840 17,410 10,900 pounds at $3.60 per pound 14,300 hours at $27.50 per hour $355,000 $ 392,740 12,320 units X7 1 pound at $9.30 per pound 1.50 hours at $30 per hour $24.20 $494,760 23,560 14,260 pounds at $10.10 per pound 22,360 hours at $13.00 per hour $470,212 $ 491,800 14,560 units Required: a. Prepare a variance analysis for each variable cost for each product. b. Prepare a foed overhead variance analysis for each product 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. K4 Price Variance Efficiency Variance Production Volume Variance Price Variance Efficiency Variance Production Volume Variance Direct materials Direct labor Variable overhead Fixed overhead 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 naterials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month)) Actual results Expected activity (direct labor-hours) Direct material (purchased and used) Direct labor Variable overhead: Fixed overhead Units produced (actual) X4 0.75 pounds at $9.20 per pound 1.25 hours at $27.20 per hour $22.40 $ 417,840 17,410 10,900 pounds at $8.60 per pound 14,360 hours at $27.50 per hour 1355,060 $392,740 12,320 units x7 1 pound at $9.80 per pound 1.50 hours at $30 per hour $ 24.20 $ 494,760 23,560 14,260 pounds at $10.10 per pound 22,360 hours at $33.80 per hour 5470,212 $ 491,000 14,560 units Required: a. Prepare a variance analysis for each variable cost for each product b. Prepare a fixed overhead variance analysis for each product 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. K4 XT Price Variance Efficiency Variance Production Volume Variance Price Variance Efficiency Variance Production Volume Variance Direct materials Direct labor Variable overhead Fixed overhead