The following data were drawn from the records of Franklin Corporation. Planned volume for year (static budget) Standard direct materials cost per unit Standard direct labor cost per unit Total expected fixed overhead costs Metaal volume for the year (flexible budget) etual direct materials cost per unit Motul direct labor cost per unit Total actual tixed overhead costs 3,200 units 3.40 pounds $2.00 per pound 3.30 hours $5.00 per hour $16,320 3,500 units 3.00 pounds $2.50 per pound 3.60 hours $4.50 per hour $12,020 Required a. Prepare a materials variance information table showing the standard price, the actual price the standard quantity, and the actual quantity b. Calculate the materials price and usage variances, indicate whether the variances are favorable (F) or unfavorable (U) c. Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. d. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U) e. Calculate the predetermined overhead rate, assuming that Franklin uses the number of units on the allocation base 1. Calculate the fixed cost spending variance Indicate whether the variance is favorable (F) or unfavorable (U). 9. Calculate the fixed cost volume variance Indicate whether the variance is favorable or unfavorable (U) Complete this question by entering your answers in the tabs below. Rea A Hea Reac Reg D Reg Eto G Calculate the Calculate the fixed cost volume variance Indicate whet Complete this question by entering your answers in the tabs below. Reg D Reg E to G ReqC Req A Reg B Prepare a materials variance information table showing the standard price, the actual price, the standa actual quantity. (Round "Standard price" and "Actual price" to 2 decimal places.) Materials Variance Information Table Standard price Actual price Standard quantity for flexible budget Actual quantity used per pound per pound pounds pounds RoqB > Complete this question by entering your answers in the tabs below. Reg D Reg E to G Reqc ReqB Req A Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or ur (Select "None" If there is no effect (l.e., zero variance).) Material price variance Material usage variance Reqc > e. Calculate the predetermined overhead rate, assuming that Franklin uses the number of units as the allocation base. . Calculate the fixed cost spending variance Indicate whether the variance is favorable (F) or unfavorable (U). g. Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Reac ReqB Regs Reg E to G Reg A ances Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (.e., zero variance).) Labor price variance Labor usage variance e. Calculate the predetermined overhead rate, assuming that Franklin uses the number of units as the allocation base. f. Calculate the fixed cost spending variance Indicate whether the variance is favorable (F) or unfavorable (U). 9. Calculate the fixed cost volume variance Indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers in the tabs below. Regi to G Reg D Reac Reg A Reg B Calculate the predetermined overhead rate, assuming that Franklin uses the number of units as the allocation base. Calculate the fixed cost spending variance and the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). (Round "Predetermined overhead rate answer to 2 decimal places. Select "None if there is no effect (.e. zero variance)) Show less per unit 6. Predetermined overhead rate Faed cost spending variance Q Food cost volume varianco