Variance Analysis Avatar, Inc. has prepared the following standard cost sheet for one unit of the product. Direct materials (5 pounds at $3 per pound) Direct labor (2 hours at $13.00 per hour) $15.00 $26.00 During the month of November, the company manufactures 450 units and incurs the following actual costs. Direct materials purchased and used (2,000 pounds) Direct labor (1,000 hours) $8,000 $12,000 1. Compute the total, price, and quantity variances for materials and labor. Direct Material Variances Total Direct Material Variance (AQAP) (AQXAP) . (SQx SP) (AQSP) . Total Favorable or Unfavorable Total Favorable or Unfavorable Direct Material Price Variance (AQ x SP) . (SQx SP) = Total Favorable or Unfavorable Direct Material Quantity Variance Direct Labor Variances (AHAR) Total Direct Labor Variance (AHAR) (AHxSR) Direct Labor Price (Rate) Variance (SH x SR) " Total Favorable or Unfavorable. Total Favorable or Unfavorable (AHSR) (SHSR) Total Favorable or Unfavorable Direct Labor Quantity Variance Ch23 Balanced Scorecard Strategy 2. Instructions for Posting (200 to 300 words - 60pts): Important: Please review this Ch23 ppt presentation >>>>> Tip: This Ch23 Balanced Scorecard Strategy power point lecture provides examples and descriptions to help students to write your posting arm a. Describe and compare the operating performance for your company from 2019 to 2020 by analyzing the change in their income statements Make sure to explain how the impact of the Covid-19 pandemic affected your company's operating performance on the income statement t or worsen from 2019 to 2020. Due to the impact of the Covid-19 pandemic, describe how your company's daily operations possibly changed. providing products or services to its customers from 2019 to 2020. b. Describe a new service or product that you would recommend for your company to offer to its customers due to the impact of the COVID-19 Explain how your new service or product would potentially bring value to the company's operating performance and its customers by improw sales price, quality, and innovative features for your customer. Would your new product or service potentially increase the comnamient in comparison to its competitors by generating new tuner of