Noncontrollable fixed $105,000. Instructions (a) Prepare a responsibility report for the Real Estate Products Division for 2019. Be sure to indicate if the variance is Favorable or Unfavorable. You may following the following format: Responsibility Report Budget Actual Difference Riggins, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. Riggins has established the following material and labor standards to produce one tybo: Standard Quantity Direct materials Standard Price 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March, the following actual activity was recorded by the company relating to the production of tybos: The company produced 9,000 units during the month. A total of 24,000 pounds of materials were purchased at a cost of $66,000. 5,000 hours of labor were incurred during the month at a total wage cost of $55,000 Instructions Materials: Calculate the following variances for March for Riggins, Inc. SP = Materials price variance Materials quantity variance SQ = Total material variance AP = AQ = Refer to Problem #5 - Calculate the following variances for March: Labor: Labor price variance SR = SH =