c. Compute the direct materials spending variance

d. compute the direct labor rate variance for the quarter

e. compute the direct labor efficiency variance for the quarter

f. compute the direct labor spending variance

3. Fine Lumber Inc. mills and finishes furniture kits. A certain kit requires the following: During the third quarter, the company made 1,500 kits and used 3,150 square yards of wood costing $42,600. Direct labor totaled 2,100 hours for $46,150. In answering the questions below, show all work, including formulas and calculations. No work = no credit. a. Compute the Direct Materials Price Variance for the quarter. ( 3 points) b. Compute the Direct Materials Usage Variances for the quarter. ( 3 points)