Fortes Inc. has provided the following data conceming one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Standard Quantity or Hours per Unit of Output 8.0 ounces 0.5 hours 0.5 hours Standard Price or Rate $8.10 per ounce $24.70 per hour $6.40 per hour Experts Direct materials Direct labor Variable manufacturing overhead The company has reported the following actual results for the product for April Actual output New materials purchased Actual cost of raw materials purchased Rev materials weed 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 eCompute the variable overhead rate variance for April 6,500 units $2,350 ounces $386,210 52,020 ounces 3,450 hours $ 21,295 t 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 no effect (.e., zero variance). Input all amounts as positive values.) a Materials price variance Materials quantity variance e Labor rate variance d Labor efficiency variance e. Variable overhead rate variance Variable overhead efficiency variance Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Inputs Direct materials Direct labor Variable manufacturing overbead Standard Quantity or Hours per Unit of Output 8.0 ounces 0.5 hours 0.5 hours The company has reported the following actual results for the product for Aprit Actual output New materials purchased Actual cost of raw materials purchased Rev 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 6,300 units 62,350 ounces $386,210 52,020 ounces 3,450 hours $88,880 $21,295 Compute the variable overhead efficiency variance for April Standard Price or Rate $ 8.10 per ounce $24.70 per hour $6.40 per hour (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive value) d Materials price variance Mate quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance t Variable overhead efficiency variance Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Standard Quantity or Bours per Unit of Output 8.0 ounces 0.5 hours 0.5 hours Standard Price or Bate $ 8.10 per ounce $24.70 per hour $ 6.40 per hour. Inputs Direct materials Direct labor Variable manufacturing overhead The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of rav 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 unite 62,350 ounces $386,210 52,020 ounces 3,450 hours $ 80.000 $ 21,295 1. 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 no effect (i.e., zero 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 Variable overhead efficiency variance