2.Kobota Corporation makes a product with the following standard costs: Inputs...... Direct materials ............. Direct labor....... Variable overhead.......... Standard Quantity or Hours 8.1 ounces 0.5 hours Standard Price or Rate $3.00 per ounce $18.00 per hour $2.00 per hour 0.5 hours In December the company produced 4,200 units using 34,870 ounces of the direct material and 1,900 direct labor-hours. During the month, the company purchased 39,700 ounces of the direct material at a total cost of $111,160. The actual direct labor cost for the month was $35,530 and the actual variable overhead cost was $3,990. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: 2-1. Compute the materials quantity variance. 2-2. Compute the materials price variance. 2-3. Compute the labor efficiency variance. 2-4. Compute the direct labor rate variance. 2-5. Compute the variable overhead efficiency variance. 2-6. Compute the variable overhead rate variance