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XYZ Manufacturing Company manufactures a single product - Skate Board. The Standard Cost care for the is: Direct Materials Direct Labour Quantity 6 m 1 hr Price $1.5 per m $6.75 per hr Cost/Unit $ 9.00 $ 6.75 4.50 per hr Variable manuacturing overhead 1 hr Total Cost per unit $ 4.50 $ 20.25 During the month of April, 6,000 units were produced. Selected Cost data relating to the month's production follow. Cost Materials Purchase Materials used in production Direct labour Variable manufacturing overhead Variable overhead efficiency (quanity Variance) Quantity Price 60,000 m 1.43 per mm $ 85,800.00 38.000 m $ 41,925.00 $ 30,713.00 $2,250 Unfavourable What I need to figure out is the following: 1. For direct materials, compute the price and quantity varianance for the month 2. For direct labout, compute the rate (price) and efficiency (quantity) variances for the month 3. For variable overhead, compute the spending (price) variance and total variance for the month 4. Provide an example for each of the in parts 1-4. Need to come out with 7 different examples for this assignment