Standard cost information: Standard Quantity/Unit Standard Price Standard Cost/Unit Direct Material 2 $0.75 $1.50 Direct Labor 5 $0.35 $175 Variable Overhead 3 $1.20 $360 Actual cost information: 1 Total Actual Used Total Actual Cost Direct Material Direct Labor Variable Overhead 19,500 34,500 18,000 $19,500 $15,750 $22,000 Do not enter dollar signs or commas in the joout boxes Bound all Unit values to 2 decimal places. Round all other answers to the nearest whole number Enter all variances as positive values a) Complete Direct Materials variance analysis. Units Produced Materials/Unit Produced Price/Unit Actual Results/Unit Total Actual Results Price Variance AQx SP 1.00 7,500 7,500.00 Quantity Variance Total Standard Allowed Standard Allowed/Unit 7,500 100 Total Cost Total DM Variance b) Complete Direct Labor variance analysis Units Produced OCH/Unit Produced DL Price/Unit # Actual Results/Unit Total Actual Results Labor rate variance 1.00 7,500 AQ X SP 3,500.00 Total Cost Total DL Variance c) Complete Variable Overhead variance analysis. Units Produced VOH/Unit Produced VOH Price/Unit Total Cost Total VOH Variance Actual Results/Unit Total Actual Results VOH spending variance AQ SP 2,500.00 100 7,000 . DL efficiency variance Total Standard Allowed Standard Allowed/Unit 7,500 100 VOH efficiency variance Total Standard Allowed Standard Allowed/Unit 7,500 100