Based on a standard volume of 96,000 units per month, the standard cost of the product manufactured by Tahoe Company consists of: A total of 25, 200 pounds of materials was purchased at $8, 40 per pound. During May, 98, 400 units were produced with the following costs: Required: (circle F or U to indicate whether the variance is favorable or unfavorable) a. Compute the materials price variance: __________ F or U b. Compute the materials quantity usage variance: ___________ F or U c. Compute the labor rate variance: __________ F or U d. Compute the labor efficiency variance: ___________ F or U e. Compute the overhead budget variance: _________ F or U f. Compute the overhead volume variance: __________ F or U