Contul QUESTION 23 16 points Dave A You are in charge of Budgeting and Control in ACME manufacturing The following information was made available to you by accounts Direct Materials Direct Labour Standard Quantity 11,000 Standard Hours 3,000 Actual Quantity 12.000 Actual Hours 2.875 Standard Price $15 Standard Rate $12 Actual Price $13 Actual Rate $13 Required: Prepare a memo to the CEO of the company explaining the variances in Material and Labor. The memo should include the detailed calculations for each variance and the possible reasons and potential remedies for each variance For the toolba pres ALT F10 for ALT.N.F10 Mai Paragraph Arial 140x A2 L XODQ5 +++