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In: AccountingEngle Manufacturing Company established the following standardprice and costinformation:sales price$50 per unit...Engle Manufacturing Company established the following standardprice and costinformation:sales price$50 per unitvariable Manufacturing cost32 per unitfixed manufacturing cost$100,000 totalfixed selling and administrative cost$40,000 totaEngle expectedto produce and sell 15,000 units. Actual production and salesamounted to 16,000 units.Required:(a) Determine the sales volume variances, including variances fornumber of units, salesrevenue, variable manufacturing cost, fixed manufacturing cost, andfixed selling andadministrative cost.(b) Classify the variances as favorable (F) or unfavorable(U).(c) Comment on the usefulness of the variances with respect toperformance evaluation.(d) Explain why the fixed cost variances are zero.