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16 pts Question 6 Tidd Corporation makes a product with the following standard costs: Inputs Diret materials Diret labor Variable overhead andard Quantity Standard Price

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16 pts Question 6 Tidd Corporation makes a product with the following standard costs: Inputs Diret materials Diret labor Variable overhead andard Quantity Standard Price or Standard Cost or leurs Rate Per Unit 4.7 grams $3.00 per gram $14.10 0.8 hours $16.00 per hour $12.90 0.8 hours $4.00 per hour $3.20 The company reported the following results concerning this product in November Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 8,900 units 9,000 units 44,810 grams 47,300 grams 7.870 hours S132,440 S125,133 S29,906 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. a) What was materials price variance for November? b) What was materials quantity variance for November? c) What was the labor rate variance for November? d) What was the labor efficiency variance for November

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