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Remaining Time: 56 minutes, 57 seconds. Question Completion Status Question 18 24 points The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor Material-4 pieces @ SP $22.00 Direct labor-12 hours @ SR 48.00 Standard capacity is 5,000 standard productive direct labor hours per month. At this volume, budgeted overhead costs are fred. 512.000 variable $6,000. This information is used to calculate SR for Variable Overhead and for Fixed Overhead. Fixed Overhead SR - $2.40/dih. During a month in which 580 units were produced, the following ACTUAL production costs were incurred Purchases of material 2.400 pieces for $12,600 Materials issued 2,300 pieces Direct labor payroll 6,900 hours for a cost of $31,050 Overhead costs: $19,300 of which $6,800 is for Variable Overhead and 512,500 is for Fixed Overhead e. Using the 2-way analysis of Overhead varianoes, what is the Factory Overhead Production Volume variance? (Sp) 1. Using the 2-way analysis of Overhead variances, what is the Factory Overhead Budget variance? (4 P.)