The Hares Chemical Company produces a chemical used in dry cleanire, its accounting system uses standard costs. The standards per 0,50 -gallon can of chemical call for 1.20 gallons of material and 1.40 hours of labor, (1.20 gallons of materiat are needed to produce a 0.50-gallon can of product due to evaporationy The standard cost per gallon of material is 55 . The standard cost per hour for labor is \$9. Overhead is applied at the rate of $7.78 per can, Expected production is 21.600 cans with foed overhead per year of 560,048 and variable overthead of $5 per unit (a 0 50 -ipalon can). During 2021, 22,800 cans were produced, 36,300galloes of material were purchased at a cost of $245,388,29,000gallons of material Were used in production. The cost of direct labor incurred in 2021 was $282,642 based on an average actual wage rate of $890 per hour. Actual overhead for 2021 was $219,200. \& Your answer is partially correct. Calculate material, labor, and overhead variances. (Round intermediate calculations to 2 decimal places, es. 14.37 and final answers to O decimal places, es. 125. Enter all variances as a positive number.)