Using this approach, please answer the following question

(1) AQ*AP (2) AQ*SP (3) SQ*SP (1)-(2) AQ*(AP-SP) (2)-(3) (AQ - SQ)*SP 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