Show all work please thank you

13. Woods, Inc. budgeted the following overhead costs for the current year assuming operations at 80% of capacity, or 40,000 units Please show all your work (there is room for your work on the next page). Attach a separate sheet to the exam if necessary. Total variable overhead Total fixed overhead Total overhead $240.000 560.000 $800,000 The standard cost per unit when operating this same 80% capacity level is: $20.00 Direct materials (5 lbs. @ $4/1b.) Direct labor (2 hrs. @ $8.75 hr.) Variable overhead (2 hrs. @ hrs. $3/hr.) Fixed overhead (2 hrs. @ $7/hr.) Total cost per unit 17.50 6.00 14.00 $57.50 The actual production achieved in the current year was 60% of capacity, or 30,000 units. The actual costs were: Direct materials (150,350 lbs.) Direct labor (59,800 hrs.) Variable overhead Fixed overhead $616,435 520,260 192.000 552,000 Calculate the following variances and indicate whether each favorable or unfavorable. Direct materials: Price variance Quantity variance Direct labor: Rate variance Efficiency variance Variable overhead: Spending variance Efficiency variance Fixed overhead: Spending variance Volume variance