CBA Company produced 45,000 units of product K. The entity provided you with additional information as follows: Volume produced (in units) Total materials required/used to produced 45,000 units Total material costs Total hours Budgeted/Actual payroll Requirement: Show computation for the following: a. Material price variance b. Material usage variance c. Labor rate variance d. Labor efficiency variance MAX Standard 94,500 P49,500 6,750 P94,500 Actual 45,000 99,000 P54,000 5,400 P81,000