Read the mowryerts. Data table Requirements 1. Prepare a feritue buoget baved on the actual nunber of tpoliners sold. 2. Compule the cost varance and the eficiongy variano for difect materials 2. Hore Jufd's manajen done a god job or a poor job controling maleriath. tabos and overturad eastir? Why? bychem. Now conpule the fixed overhead cost and volume viriances. Soloct the required formulas, compula the fimd overhead cost and volume variances. and iefnetify whether each variance is stondord quantry) Requirement 2. Have Juda's managors done a pood job oe a poor job controlling materials, labor, and overheas cess? Why? The variances computed in Requirement 2 sugsast thin the managers have done a job ocntreiliog materials and laber conts. The labor efficiency variance help ofhet the direct labor cost variance and dinect neterials effelency variance. Managers have done a. evidenced ty the fact that of the overtiead variances are direct materies ceat variatce and direct jeo centroliting ovethad costs as Requirement 4. Describe how Ludr's managers can beneft from the standard eosing system. Requirement 1. Prepare a flemble bsidget bosed on the actial number of reciners sold. (Round budget amounts per unit to tho nearest corit) Requirement 2 Compute the cost variance and the efficiency variance for drect materials and for direct labor. For manutacturing ovemead, compute the variable overhead cost, variatila