Please help me with these problems

Please address the management team to help them understand why the actual costs for the new chair are not aligning with the determined standard costs. The company has set up standard costs for labor and each component of the new chair. It now has the actual costs for the previous month's production run. You are asked to determine which costs are meeting the standards and which are not, to analyze the probable cause of the variances, and provide a recommendation for moving forward. To determine this, you will conduct variance analysis. The Better Chair Company produces speciality chairs which are made of plastic tubing, fabric, and padding. You are tasked with determining quantity and price variances for each type of material and rate and efficiency variances for labor. The standards are as follows: Plastic tubing 3 meters at $4 per meter Fabric 2 square meters at $8 per square meter Padding 3 kilograms at $5 per kilogram Labor 2 hours at $10 per hour The actual costs for the 500 chairs the company made last month are as follows: Plastic tubing Fabric per square meter Padding per kilogram Labor per hour 1,300 meters at 1,200 square meters at 1,400 kilograms at 1,000 hours at $4.10 per meter $8.04 $5.10 $9.80 Analyze what the variances to the standards are, including an examination of possible causes. . Propose at least two recommendations for potential remedies to address the variances. Summarize how understanding variance analysis can impact managerial decision making. . Please address the management team to help them understand why the actual costs for the new chair are not aligning with the determined standard costs. The company has set up standard costs for labor and each component of the new chair. It now has the actual costs for the previous month's production run. You are asked to determine which costs are meeting the standards and which are not, to analyze the probable cause of the variances, and provide a recommendation for moving forward. To determine this, you will conduct variance analysis. The Better Chair Company produces speciality chairs which are made of plastic tubing, fabric, and padding. You are tasked with determining quantity and price variances for each type of material and rate and efficiency variances for labor. The standards are as follows: Plastic tubing 3 meters at $4 per meter Fabric 2 square meters at $8 per square meter Padding 3 kilograms at $5 per kilogram Labor 2 hours at $10 per hour The actual costs for the 500 chairs the company made last month are as follows: Plastic tubing Fabric per square meter Padding per kilogram Labor per hour 1,300 meters at 1,200 square meters at 1,400 kilograms at 1,000 hours at $4.10 per meter $8.04 $5.10 $9.80 Analyze what the variances to the standards are, including an examination of possible causes. . Propose at least two recommendations for potential remedies to address the variances. Summarize how understanding variance analysis can impact managerial decision making