a Chegg This is from a Test Corporation makes a product with the following standard costs: Inputs Standard Quantity/Hours Standard Price/Rate Direct Materials 5.2 kilos $7.00 per kilo Direct Labor 0.3 Hours $25.00 per hour Variable Overhead 0.3 Hour $1.50 per hour The company reported the following results concerning this product in October. Actual Output Purchase of raw materials Actual direct labor-hours Raw materials used in production Cost of raw materials Cost of direct labor Actual variable overhead rate 8,100 43,130 2,570 46,700 $294,210 $61,680 $3.00 units kilos hours kilos Total Total per hour The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Required (Answers should not include commas nor negative signs. Answers should be in the format 4000 F or 4000): Required (Answers should not include commas nor negative signs. Answers should be in the format 4000 F or 4000 UX Compute the materials quantity variance. Compute the materials price variance. Total Material Variance Compute the labor efficiency variance. Compute the direct labor rate variance Total Labor Variance Compute the variable overhead efficiency varianco. Compute the variable overhead rate variance. Total Variable Overhead Variance