Short Answer: All work should be performed in EXCEL. These questions are similar to the homework. Please show all work, you earn credit by Illustrating how you got the answer and for the answer itself. Even if your ultimate answer is incorrect, by showing your work, you can earn partial credit. Please read the question to fully understand what is being asked. Good Luck. 19 Camping Out Co. manufactures down sleeping bags. Each sleeping bag requires 4 pounds of down and takes 3 hours of direct labor. The standard cost of the down used by Camping Out is $8 per pound and the standard labor cost is $10 per hour. In November, Camping Out purchased and used 15,000 pounds of down for $120,750. During the year, the company manufactured 4,000 sleeping bags. Payroll reported a total of 1,480 direct labor hours at a cost of $14,060. Instructions Compute the materials price and quantity variances and indicate whether the variances are favorable or unfavorable. Compute the labor price and quantity variances and indicate whether the variances are favorable or unfavorable