14. What is the materials price variance for the month [6] 15. What is materials quantiy variance for the month (6) 16. What is the labor rate variance and labor efficiency variance? (10) 17.Was variable mamufacturing overhead under- or over-applied for the month? (6) a. Under-applied b. Over-Applied Over applied The selected information presented in the table below relates to Franldin Corporation's actual output of 1,200 units during the month of January, 2017. [27points] Bonus Point: 5pts) nput Item dard Quantity cost per Unit of StaffStandard Price Per unit 6 gallons 5 hours t mat 3.50 Direct labor VMOH DLH costu Below is th actual data o the company arable manufacturing actually the monti ctual direct labor hours used Actual labor cost Materials on Cost of 9,000 gallons of materials 500 hours 49,500 aniuary 25.600