The standard cost card for a single unit of Robinson, Incorporated's products is shown below. \begin{tabular}{|l|r|l|} \hline Budgeted production for the month & 14,000 & units \\ \hline Actual production for the month & 13,500 & units \\ \hline \end{tabular} 1. Compute the direct material, direct labor and variable overhead variances. Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. Note: Use cell A2 to A15 from the given information to complete this question. Using the formulas provided, compute the following variances. Write if statements to enter an F or U to indicate whether the variance is favorable or unfavorable. Note: Use cell A2 to A15 from the given information to complete this question. Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment