Tempo Company's fixed budget (based on sales of 18,000 units) folllows. Fixed Budget Sales (18,000 units * $213 per unit) 3, 834, 090 Costs Direct materials 432, 000 Direct labor 774, 900 Indirect materials 486, 000 Supervisor salary 232, 000 Sales commissions 126, 900 Shipping 270, 000 Administrative salaries 282, 000 Depreciation-Office equipment 252, 900 Insurance 222, 000 Office rent 232 , 000 Income 526, 090 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 16,000 units and 20,000 units.Complete the following partial exible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $81 per unit and variable costs of $36 per unit. {Indicate the effect ofeach variance by selecting favorable, unfavorable, or no variance] Sales 14,000 Favorable variable costs Contn'bution margin Fixed coals Lucia Companyr has setthe following standard cost per unit for direct materials and direct labor. Direct materials [15 pounds 49 $4 per pound) $ 68 Direct labor (4 hours [8* $14 per hour) 56 During MagiI the company incurred the following actual costs to produce 8,800 units. Direct materials (135,198 pounds 8 $3.89 per pound) $ 513,388 Direct labor (38,388 hours 11 $14.18 per hour) 548,838 AP = Actual Rate SR = Standard Rate A0 = Actual Quantity S0 = Standard Quantityr AP = Actual Price SP = Standard Price {1) Compute the direct materials price and quantity.r variances. {2} Compute the direct labor rate variance and the directlabor efciency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds 49 $4 per pound) $ 68 Direct labor (4 hours [13' $14 per hour) 56 During Mayr the company incurred the following actual costs to produce 8,800 units. Direct materials (135,196 pounds 8 $3.88 per pound) $ 513,386 Direct labor (38,388 hours @ $14.18 per hour) 548,838 AR = Actual Rate SR = Standard Rate .40 = Actual Quantity SQ = Standard Quantityr AP = Actual Price SP = Standard Price {1) Compute the direct materials price and quantityr variances. {2} Compute the direct labor rate variance and the directlabor efficiencyr variance. Complete this question by entering your answers in the tabs below. Requide i Required2 ! Compute the direct labor rate variance and the direct labor efficiency variance. [Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)