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. Tnputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Houes per unit of Output 8.4 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 6.50 per ounce $23.50 per hour $ 4.50 per hour The company has reported the following actual results for the product for Apulk Actual output a materials purchased Actual cost of raw materials purchased w materials in production Actual direct labor hours Actual direct labor cost Actual variable overhead cost 6,000 units 50,760 ounces $299,60 50,416 ounces 3,290 hours $10.210 $16.95 Required: a. Compute the materials price variance for April b. Compute the materials quantity variance for April c. Compute the taborrate variance for April d. Compute the labor efficiency variance for April e. Compute the variable overhead rate variance for April 1. Compute the variable overhead efficiency variance for April (Indicate the effect of och variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (ie zero variance). Input all amounts os positive values.) oters 8.9.& 10 A Saved Actual direct labor cost Actual variable overhead cost $ 80,810 $ 14,953 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 . Compute the variable overhead efficiency variance for April (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ 55,580 Materials price variance b Materials quantity variance Labor tale variance d Labor efficiency variance Variable overhead rate variance 1 Variable overhead officiency 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. Tnputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Houes per unit of Output 8.4 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 6.50 per ounce $23.50 per hour $ 4.50 per hour The company has reported the following actual results for the product for Apulk Actual output a materials purchased Actual cost of raw materials purchased w materials in production Actual direct labor hours Actual direct labor cost Actual variable overhead cost 6,000 units 50,760 ounces $299,60 50,416 ounces 3,290 hours $10.210 $16.95 Required: a. Compute the materials price variance for April b. Compute the materials quantity variance for April c. Compute the taborrate variance for April d. Compute the labor efficiency variance for April e. Compute the variable overhead rate variance for April 1. Compute the variable overhead efficiency variance for April (Indicate the effect of och variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (ie zero variance). Input all amounts os positive values.) oters 8.9.& 10 A Saved Actual direct labor cost Actual variable overhead cost $ 80,810 $ 14,953 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 . Compute the variable overhead efficiency variance for April (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) $ 55,580 Materials price variance b Materials quantity variance Labor tale variance d Labor efficiency variance Variable overhead rate variance 1 Variable overhead officiency variance