Variance Analysis Your company, Bluestar Conglomerate, Inc., has won funding from Shark Tank. This company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and the standards per unit are as follows: Direct materials per unit: 10 pounds at $20 per pound Direct labor per unit: 4 hours at $17 per hour Variable overhead: 4 hours at $10 per hour Budgeted Fixed advertising expenses: $6000 Budgeted Fixed sales expenses: $8000 Budgeted Fixed shipping expenses: $9000 The planning budget for January 2022 was based on producing and selling 1000 units. However, during January, the company actually produced and sold 1100 units, at a selling price of $600 per unit, and incurred the following costs: (a) Purchased 10,200 pounds of direct materials at a cost of $19 per pound. All of this material was used in production. (b) Direct laborers worked 4,300 hours at a rate of $16.00 per hour (c) Total variable manufacturing overhead for the month was $49,000 (d) ACTUAL fixed costs: Total fixed advertising expenses were $7,000. Total fixed sales expenses were $8,000. Total fixed shipping expenses were $9,900. Answer the following, showing all formulas and computations: Direct Labor Computations: (7) What direct labor cost would be included in the company's planning budget for January? (8) What direct labor cost would be included in the company's flexible budget for January? (9) What is the labor spending variance for January? Favorable or Unfavorable