The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor Material-4 pieces @SP Direct labor-12 hours @SR $22.00 48.00 Standard capacity is 5,000 standard productive direct labor hours per month. At this volume, budgeted overhead costs are: fixed, $12,000; variable $6,000. This information is used to calculate SR for Variable Overhead and for Fixed Overhead. Fixed Overhead SR - $2.40/dih. During a month in which 580 units were produced, the following ACTUAL production costs were incurred. Purchases of material Materials issued Direct labor payroll 2,400 pieces for $12,600 2,300 pieces 6.900 hours for a cost of $31,050 Overhead costs: $19,300 of which $6,800 is for Variable Overhead and $12.500 is for Fixed Overhead a. What is the Direct Materials Price Variance if the Purchasing department is responsible for this variance? (4 pts.) b. What is the Direct Labor Efficiency variance? (4 pts.) c. Using a 4-way analysis of Overhead variances, what is the Fixed Overhead Spending variance? (3 pts.) d. Using a 3-way analysis of Overhead variances, what is the Factory Overhead Efficiency variance? (4 pts.)