Chapter 9: Flex Budgeting and Variance Analysis Part 1 Glaab Inc. has provided the following data concerning one of the products in its standard costsystem. Variable manufacturing overhead is applied to products on the basis of direct laboc-hours. The company has reported the following actual results for the product for April: Required: 1. Cocnpute the materials price variance for April. 2. Compute the materials quantity variance for April. 3. Compute the labor rate variance for A aril. 4. Conpute the laber efficiency variance for April. 5. Compute the variable overhead rate variance for April. 6. Coamute the variatile overhead efficiency variance for Agri. 7. Dont forget to analyze all variances (F/U)