Section C:--Variance Analysis The following standard costs were developed for product ACCT #4101 of the Golden Rams Corporation. Standard Cost Direct Materials: Card Per Unit 4 feet @ $14 per foot 8 hours @ $10 per hour 8 hours @ $8 per hour 8 hours @ $12 per hour Direct Labor: Variable Overhead: Fixed Overhead: The following actual information is available for the period: Units Produced 11,000 units 45,000 feet @ $13.70 per foot 45,000 feet @ $13.70 per foot 84,000 hours @ $10 per hour Materials Purchased Material Used. Direct Labor Actual overhead incurred for the period: $ 756,000 $1,000,000 Variable Fixed. Budgeted fixed manufacturing overhead for the period is $960,000, and the standard fixed overhead rate is based on expected capacity of 80,000 direct labor hours. Note Indicate if a variance is favorable (F) or unfavorable (U). 1. Compute the direct materials price variance and direct materials efficiency variance. 2. Compute the direct labor price variance and direct labor efficiency variance. 3. Compute the variable overhead price variance and variable overhead efficiency variance. 4. Compute the fixed overhead price variance and fixed overhead volume variance