Variance Analysis Project Use the following data to calculate the variances in problems 1-5. Standard Cost Profile Lab Treatment SU #12 Expected Treatments 1,000 Quantity Quantity Unit Variable Average Average Resource Variable Fixed Cost Cost Fixed Cost Total Cost Labor Supplies $ 25.60 0.80 7.00 0.80 $16.00 $ 12.80 12.80 1.10 7.70 Actual Month Cost Lab Treatment SU #12 Actual Treatments- 1,100 Quantity Total Unit UsedCost Cost Resource Labor 1,600 S 17.00 $27,200 1.00 7500 S34.700 Supplies 7,500 Calculate the following variances: 5. Volume Variance