Smartsets manufactures headphone cases. During September 2018, the company produces and sold 105000 cases and recorded the following cost data:

Data Table Standard Cost Information Direct Materials $ Quantity 2 parts 0.02 hours 0.02 hours Cost 0.16 per part 9.00 per hour 10.00 per hour Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead ($28,500 for static budget volume of 95,000 units and 1,900 hours, or $15 per hour) Actual Cost Information (209,000 parts @ (1.600 hours @ $ 0.21 per part) $ 9.10 per hour) Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead $ 43,890 14,560 10,000 25,000 Print Done Requirements X 2. Compute the cost and efficiency variances for direct materials and direct labor For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Smartsets's management used better quality materials during September Discuss the trade-off between the two direct material variances. 3. Print Done