During the year the company produced 6000 units of product and incurred the foll

During the year the company produced 6000 units of product and incurred the following costs:Required:1. Redo the standard cost card in a clearer more usable format by detailing the variable and fixed overhead cost elements.2. Prepare an analysis of the variances for direct materials and direct labor for the year.3. Prepare an analysis of the variances for variable and fixed overhead for the year.4. What effect if any does the choice of a denominator activity level have on unit standard costs? Is the volume variance a controllable variance from a spending point of view?Explain.