Stcandard Costs, Decomposition of Eudget Vanances, Direct Materials and Direct Labor direct labor was 11,010 hours at 519.60 per hout Required: 1. Campute the covs of fabic and direct labor that should hwe been incurred for the production of 9,900 Thakts. 2. Compute the total budget vanunos for direct muterials and deect laboe 3. Dreak down the total bodget wariance for drect materals into a puce vanance and a usppe variance. 5old (it immatenal) or procated among Cost of Goods Sold, Wark in Process, and rinished Gocods. 4. Break down the totat budget variance for direct labor into o rate vanunce and an eificiency variance. Pheck My War Prepare the joumal entries assocated with these veriances. If an amount box does not require an entry, leave it blank