How to answer these questions? Please help. Thank you so much

3 Question 2 (20 points) You are management of Healthy Plus company which produces a product and uses standard costing system. The following information is the variance report last month. Direct materials cost US Dollar Price variance 160,000 U Quantity variance 220,000 U Direct labor cost Rate variance 40,000 F Efficiency variance -DL 238,000 U Variable manufacturing overhead cost Spending variance 160,000 U Efficiency variance - VOH 15,000 F Fixed manufacturing overhead cost Budget variance 48,000 F Volume variance 24,000 U Analyze all variances and identify issues that you (as management) would like to investigate or think that the issues could be potential problems. Recommend the actions you would take to correct the problems