You have been asked as a consultant to assist Lifetime Adventures Company in recovering from a recent hacking incident. The company produces a survival kit. Unfortunately, due to the computer hacking incident, only the following data from the standard cost card relating to production of a single survival kit are given below: Through interviews with company personnel, you learned production overhead is applied to production on the basis of direct labor-hours. During a recent month. 1, 000 survival kits were produced and sold. The only other information recovered from the company's database relating to the recent month's production and the related variance analysis is given below. Further interviews with company personnel revealed the following for the recent month's production Actual Direct Labor Hours Worked: 1, 500: Standard variable overhead rate per direct labor hour $3.00: Difference between the standard and actual cost per kit during the recent month: $.15 Favorable. The company had no beginning or ending inventories of materials. Required: Determine the variances shown in bold in the table above. Show all your work and calculations