Can someone please help me with this question? i'm so confused.

Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers the factory should work 1040 hours each month to produce 2010 sets of covers. The standard costs associated with this level of production are: Peret Total of Cews Direct materiale 540.560 $19.50 Direct labor $7.200 3.50 Variable manufacturing overhead based on direct labor-hours) 5.160 2.00 $25.00 During August, the factory worked only 600 direct inbor-hours and produced 1,800 sets of covers. The following actual costs were recorded during the month Direct materials 15,000 yarda) Direct labor Virable manufacturing overbend per set Focal of Covers 534,200 19.00 56,660 3.70 9.4.14 2.30 $25.00 At standard, each set of covers should require 2.5 yards of material. All of the materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Direct materials Direct labor Variable manufacturing overhead based on direct labor-hours) Per Set Total of Covers $ 40,560 $19.50 $ 7,200 3.50 os 4,160 2.00 $25.00 During August, the factory worked only 600 direct labor.hours and produced 1,800 sets of covers. The following actual costs were recorded during the month Direct materials (5,000 yards Direct labor Variable manufacturing overhead Per det Total ot covere $34,200 $19.00 $6,660 2.70 4,140 2.30 625.00 At standard, each set of covers should require 2.5 yards of material, All of the materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero