The non-profit organization Art Restoration International (ARI) budgeted $100,000 for the month of January. In actuality, they spent $108,680. The organization expected to pay each member of its team of restoration specialists $25 per hour. However, it averaged $26 per hour per team member. They budgeted for the team to work a total of 4,000 hours during the month and to restore 100 pieces of art. The actual results were 4,180 hours of work and 110 pieces of art were restored. Hint: What constitute the quantity and the price in this problem should be straightforward, but think particularly carefully about what constitutes the volume in this problem. 1. What is ARI's total expense variance for the month of January? 2. Is the total expense variance favorable or unfavorable? 3. What was ARI's rate (or price) variance for the month? 4. What was ARI's quantity variance for the month? 5. What was ARI's total volume variance for the month? The non-profit organization Art Restoration International (ARI) budgeted $100,000 for the month of January. In actuality, they spent $108,680. The organization expected to pay each member of its team of restoration specialists $25 per hour. However, it averaged $26 per hour per team member. They budgeted for the team to work a total of 4,000 hours during the month and to restore 100 pieces of art. The actual results were 4,180 hours of work and 110 pieces of art were restored. Hint: What constitute the quantity and the price in this problem should be straightforward, but think particularly carefully about what constitutes the volume in this problem. 1. What is ARI's total expense variance for the month of January? 2. Is the total expense variance favorable or unfavorable? 3. What was ARI's rate (or price) variance for the month? 4. What was ARI's quantity variance for the month? 5. What was ARI's total volume variance for the month