The Beal Manufacturing Company's costing system has two direct-cost categorie cu materials and direct manufacturing labor. Manufacturing overhead (both variable and allocated to products on the basis of standard direct manufacturing labor-hours(DLH). A me beginning of 2009, Beal adopted the following standards for its manufacturing costs: Input Cost per Output Unit Direct Materials 3lbs. at $5 per lb $15 Direct manufacturing labor Shrs. at $15per hr 75 Manufacturing Overhead Variable $6 per DLH 30 Fixed $8 per DLH 40 Standard manufacturing cost per output unit $160 We assume that Beal company's only costs are in the manufacturing function, and we assume that no inventories exist at either the beginning or the end in January 2009. The denominator level for total manufacturing overhead per month in 2009 is 40,000 direct manufacturing labor hours. Beal's flexible budget for January 2009 was based on this denominator level. The company's operating budget for January 2009 included these data: Budgeted production 8,000 output units Selling price per unit $200 The Actual results for January indicated the following: Direct materials purchased and used 23,100 lbs. at $5.2 per lb Direct manufacturing labor 40,100 hrs. at $14.60 per hr Total actual manufacturing overhead(Variable and Fixed) $600,000 Actual production 7,800 output units Actual selling price per unit $210 Required: for the month of January 2009, compute the following variances, indicating whether each is favorable (F) or unfavorable (U) 1.Static budget variance, flexible budget variance and sales volume variance; 2.selling price variance 3.direct materials price variance and efficiency variance 4.direct manufacturing labor price variance and efficiency variance 5. Total manufacturing overhead spending variance 6. Variable manufacturing overhead efficiency variance 7.Production volume variance for fixed overhead