Please only do part B 3-5

Williams Inc. makes business suits for men and women. The company uses a standard cost system. The following is the standard cost card for one line of men's business suits. Quantity for one unit Standard Rate or Price Direct materials 5.2 metres $6.75 per metre Direct labour 1.2 hours $12 per hour Variable overhead 1.2 hours $3 per hour Fixed overhead 1.2 hours $6 per hour Overhead application rates are determined on the basis of a normal production volume of 10,200 suits, which is 85% of maximum capacity. Actual results for July 20x2, during which 12,000 suits were made, are as follows: Quantity Cost Direct material purchased 55,000 metres $376,750 Direct materials used 67,000 metres 458,950 Direct labour 14,000 hours 168,000 Variable overhead 38,000 Fixed overhead 75.000 Required - A Calculate 1. The standard quantity of materials needed to make 12,000 suits. 2. The standard quantity of labour-hours needed to make 12,000 suit b. Calculate 1. The direct materials price variance 2. The direct materials quantity variance 3. The direct labour efficiency variance 4. The variable overhead spending variance 5. The fixed overhead volume variance