QUESTIONS (10 Marks) 5.1. Describe (with an example) variances QUESTION (25 Marks Budgeted Production Costs at Various Production Volumes 6.1. Complete the table to calculate the total Manufacturing costs: Variable costs Direct materials = $20 per unit Direct labor = $9 per unit Variable manufacturing overhead = $11 per unit Fixed costs Manufacturing overhead = $17.000 per quartet Quarter 2 Quarter 1 Level of Production (in units): 600 Level of Production (in units): 1,500 Quarter 3 Level of Production in units): 2.000 VARIABLE COSTS Direct materials ($20 per unit) Direct labor ($9 per unit) Variable manufacturing overhead (S11 per unit)... FIXED COSTS Manufacturing overhead ($17,000 per quarter) Total manufacturing costs (Add all of the above costs)