Scroll down to complete all parts of this task. A manufacturing company is reviewing its results for the quarter ended June 30, Year 4. The company uses standard costs, based on past performance and expectations for each quarter, to monitor performance and analyze variances. At the end of each quarter, variances are identified and investigated further. For each of the variances in column A, complete the following using the information provided in the exhibits above: In column B, calculate the amount of the variance for the quarter ended June 30, Year 4. Enter all amounts as positive whole numbers. In column C, select from the option list provided whether the variance calculated in column B is favorable or unfavorable. A B 1 Variance Amount ($) Favorable or unfavorable variance 123 X 2 Selling price variance 123 X E 3 Sales-volume variance for operating income E 123 X 4 Direct labor rate variance X 123 X TIL 4 Direct labor rate variance 123 X 5 Direct labor efficiency variance X 123 X AI 6 Material price variance 123 X 7 Materials usage variance 123 X 8 Variable overhead spending variance Quarter ended June 30, Year 4 Standard amount 10,000 $10.00 Actual amount 8,000 $10.50 4,750 4,000 Direct labor hours Labor rate per hour Units of materials used in manufacturing Price per unit of material Variable overhead Fixed overhead $4.00 $2.00 per direct labor hour $15,000 $5.25 $23,440 total $15,200 Actual units produced and sold for the quarter were 9,500 (budgeted 10,000), with a profit per unit of $5.88 (budgeted $4.60). Each unit was sold for $21.00, with a budgeted selling price of $20.00. The budgeted contribution margin per unit for the quarter was $6.10. The actual contribution margin per unit for the quarter was $7.48. Assume that the contribution margin is equivalent to the operating margin. Standard direct labor hours and units of materials used in manufacturing have been adjusted for actual production