XC i Data Table Direct materials (cloth) 18,300 yards @ $2.30 per yard Direct labor 2,900 hours @ $8.00 per hour Variable overhead $4,900 Fixed overhead 21,100 Print Done XC Data Table + Direct materials (cloth) 3 yard(s) per book bag @ $2.30 per yard Direct labor 0.90 direct labor hours per book bag @ $8.50 per direct labor hour Variable overhead 0.90 direct labor hours per book bag @ $2.30 per direct labor hour Fixed overhead $18,900 0.90 direct labor hours per book bag @ $3.00 per direct labor hour based on expected production of 7,000 book bags) Print Done Requirements 1. Compute cost and efficiency variances for direct materials, direct labor, and variable overhead. 2. Compute the cost and volume vanances for fixed overhead Barlow Company produced 6,000 book bags in June, and actual amounts were as follows: Click the icon to view the actual amounts.) Barlow's standards were as follows: E (Click the icon to view the standards) Requirement 1. Compute cost and efficiency variances for direct materials, direct labor, and variable overhead. Select the formulas to calculate direct materials cost and efficiency variances, then enter the variance amounts and the total any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Formula Variance Direct materials cost variance Direct materials efficiency variance 1 Total direct materials variance