Banana Company is a manufactu based on direct labor hours. Company is a manufacturing firm that pruuuuu UNU (budget for one unit) Standard Cost Card Standard Quantity or Hours 2.0 ounces 1.3 hours 1.3 hours Standard Price or Rate $22 12 XXX Standard Cost $ 44.00 15.60 3.90 Direct Materials Direct labor Variable overhead Total standard cost per unit $ 63,50 The following actual data resulted in the production of 4,200 units: a) Materials purchased 11,500 ounces at a cost of $236,900. D) There was no beginning inventory of materials on hand to start the month. Ending! inventory of materials was 3,000 ounces. The company employs 36 employees in the factory. During the month, they worked an average of 160 hours each at an average rate of $11.90 per hour. a) Variable manufacturing overhead costs, during the month, totaled $16,416. Compute the following: Material price variance Labor rate variance Variable overhead spending variance Material quantity variance Labor efficiency variance Variable overhead efficiency variance P 9-Z