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Question 1 of 2 -/50 View Policies Current Attempt in Progress Waterway Corporation manufactures a single product. The standard cost per unit of product is shown below 58.00 1190 Direct materials -1 pound plantic at $8.00 per pound Director-1.00 hours at $11.90 per hour Variable manufacturing overhe Fedtur overhead Total standindo per 5.50 10:50 $35.90 The predetermined manufacturing overhead rate 516 per direct lahor tor 16.00-1.001. It was computed from a master manufacturing overhead badpet boned on normal production of 5,600 direct labor foons (5.600 units for the month The master but showed total variable costs of $30.00 550 per hour and total fondoved costs of $58.200 1510:50 per hour) Actual costs for October los producing 4.300 units were as follows 53000 Direct materials (MADO pound Cirector 4.160) Varstad 50.752 49.534 Fedoveted 210 Totalning costs $157433 Question 1 of 2 > -/50 The purchasing department buys the quantities of raw materials that are expected to be used in production each month Raw materials inventories, therefore, can be pored (a) Compute all of the materials and labor variances Total materials variance $ $ Materials price variance Materials quantity variance 5 Totaltabor variance Labor price variance $ Labor quantity variance $ 06) Compute the total overhead Vrance Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance S (b) Compute the total overhead variance Total overhead variance 5 e Textbook and Media Store Attempts of 3 used Submit A