XYZ uses 15 pounds of wood to make baseball bars. The price of wood is $700 per pound 2 direct labor hours are required to make a baseball bat and the direct labor rate is $11.00 per hour Variable overhead is assigned based on direct labor hours at a rate of $150 per direct labor hour. Baseball bats selling price is $55.00. Fored overhead (seling and administrave expenses) is budgeted to be $400,000 At the end of year XYZ sold 30,000 units with sales ascending to $1.675.000 Materials used were 46,000 pounds and the materials cost were $705 per pound. Direct Labor hours used to produce 30.000 units was 59,800 hours and the rate paid was $10.95 per hour. Variable Overhead was $94,000 and fixed overhead (seling and administrative expenses) was 407.000 for a total overhead incurred of $501000 REQUIRED: Compute Total Variable Cost Variance REQUIRED: Compute Pre-tax Income varlance REQUIRED: Compute Direct Materlal Price Varlance