A. Compute the materials quantity variance and indicate it as favorable or unfavorable.

B. Compute the labor spending variance and indicate it as favorable of unfavorable.

C. Compute the materials spending variance and indicate it as favorable or unfavorable.

D. Compute the labor efficiency variance and indicate it as favorable or unfavorable.

E. Compute the materials price variance and indicate it as favorable or unfavorable.

F. Compute the labor rate variance and indicate it as favorable or unfavorable.

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Standard Cost Standard Use Leather is $22 per yard 0.9 yards Direct labor is S9.00 per hour 1.3 hours The aclual results for last month were as folows Number of backpacks produced Direct labor hours incurred Yards of leather purchased and used in production Cost of leather purchased and used Direct labor cost 15,000 18,800 14,500 S306,675 $159,800