Using the sample of the 3 Column Approach, answer the following question (2nd image)

Flexible Actual 8,000 units $580,000 Selling Price, Mfg., Mkting Variances $20,000 F Sale Volume Variances $140,000 U Master 10,000 units $700,000 $560,000 Revenue Variable Costs V-COGS D.M. D.L. V.OH Total V-COGS Selling & Admin Total V. Costs Contribution Margin Fixed Costs Manufacturing Selling & Admin. Total fixed Operating Income 200,000 131,600 30,000 361,600 53,000 414,600 165,400 40,000 U 11,600 U 2,000 F 49,600 U 3,000 F 46,600 U 26,600 U 160,000 120,000 32,000 312,000 56,000 368,000 192,000 40,000 F 30,000 F 8,000 F 78,000 F 14,000 F 92,000 F 48,000 U 200,000 150,000 40,000 390,000 70,000 460,000 240,000 92,000 60,000 152,000 13.400 4,000 F 0 4,000 F 22.600 U 96,000 60,000 156,000 36.000 Clolo o 96,000 60,000 156,000 84.000 48.000 U Vulcan produces a single product with the following standard prices and quantities: Per unit Direct materials, 20 meters at $0.90 per meter $18 Direct labor, 4 hours at $6 per hour 24 Variable manufacturing overhead, 4 hours at $3.75 per DLH 15 Fixed manufacturing overhead, 4 hours at $1.25 per DLH Total standard cost per unit of output $62 The standards have been computed based on a denominator level of activity of 2,400 direct labor hours per month. The allocation base for overhead costs is direct labor hours. The actual activity for the past month was as follows. Materials purchased Materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Production 18,000 meters at $0.92 per meter 9,500 meters 2,100 hours at $6.10 per hour $8,300 $2,700 500 units Required: Compute all price variances, spending variances, efficiency variances that can be computed, and the production volume variance