Variances I Data for Variance Analysis: Budgeted Budgeted Actual Actual (Standard) (Standard) Hours/Qty Rate Hours/Qty Rate La bor 160 S 16.00 180 5 16.50 Materials 600 S 9.10 660 5 10.00 [Copy and paste your table from the completed \"Variances\" tab of your Project Workbook] [Illustrate the variances observed between the planned and actual values for the direct labor time and the direct materials price for collars. What changed?]