The Beal Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct labor-hours (DLH). At the beginning of 2020, Beal adopted the following standards for manufacturing costs per unit: Standard Standard Price Standard Cost Quantity or Hours or Rate per unit Direct materials.. Direct labor (DLH).. Variable manufacturing overhead.... 5 pounds $4 per pound $20 4 hours $16 per hour $64 $8 per hour $32 Fixed manufacturing overhead... $9 per hour $36 Total standard cost per unit..... $152 The denominator level (i.e., denominator hours) for manufacturing overhead per month in 2020 is 37,000 direct labor-hours (DLH). Beal's budget for January 2020 was based on this denominator level. The actual records for January 2020 indicated the following: Actual production....... Direct materials purchased Direct materials used Direct labor...... Actual variable manufacturing overhead... Actual fixed manufacturing overhead... 7,600 output units 40,300 pounds at $3.80 per pound 37,300 pounds 31,400 hours at $16.25 per hour $310,000 $340,000 Required: (a) Compute the materials price variance and the materials quantity variance. Please indicate whether these variances are favorable or unfavorable. (4 points) (b) Compute the labor rate variance and labor efficiency variance. Please indicate whether these variances are favorable or unfavorable. (3 points). (c) Compute the budget variance and volume variance for the fixed manufacturing overhead. Please indicate whether these variances are favorable or unfavorable. (3 points)