CheggisNothing Inc, a company established to compact rampant cheating on Exams (ike this one) uses standard costing to evaluate its performance and the performance of its managers. After many years of operations, the company decided to venture into manufacturing to produce a novelty called \"Honestly Mine\" to celebrate 10 years of academic honesty. Per standards, the factory should work 1,075 hours each month to produce 2,150 units of Honestly Mine. The standard costs associated with this level of production are: During March, the factory worked only 800 direct labor-hours and produced 2.500 Honestly Mines. The following actual costs were recorded during the month: At standard, each Hinesty Mine should require 3.0 pounds of material. All of the materials purchased during the month were used in production. Required: Compute the materials price and quantity variances for March. 2. Compute the labor rate and efficiency variances for March. 3. Compute the variable overhead rate and efficiency variances for March. Indicate the effect of each variance-by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no effect (i.e., zero Jariance). Input all amounts as positive values.)