Chuck my work 23 Fortes incorporated has provided the following data concerning one of the products in its standard cost system. V manufacturing overhead is applied to products on the basis of direct labor hours The company has reported the following actual results for the product for Apr avataria atan| thats 1-8 Required a. Compute the materials price variance for Apil 5. Compute the materials quantity variance for Apri Compute the labor rate variance for April d. Compute the labor efficiency variance for April e. Compute the variable overhead rate variance for Apri Compute the variable overhead efficiency variance for April 14.317 Indicate the effect of each variance by selecting "" for favorable, "U" for unfavorable, and "None" for no effect (e sero variance). Input all amounts as positive values.) Materiais price valance Labor rate variance Labor Inputs Direct materials Direct labor Variable manufacturing overhead Hours per Unit of Output 8.9 ounces 0.6 hours 0.6 hours. Standard Price or Rate $ 7.00 per ounce $29.50 per hour $ 5.30 per hour The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost Required: a. Compute the materials price variance for April. b. Compute the materials quantity variance for April. c. Compute the labor rate variance for April. d. Compute the labor efficiency variance for April. e. Compute the variable overhead rate variance for April. 6,500 units. 58,470 ounces $ 323,250 57,860 ounces 3,550 hours $ 112,570 $ 18,317 f. Compute the variable overhead efficiency variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for variance). Input all amounts as positive values.) a. Materials price variance b. Materials quantity variance c. Labor rate variance d. Labor efficiency variance e. Variable overhead rate variance f. Variable overhead efficiency variance