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Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Materials price variances is calculated on material purchased

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Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Materials price variances is calculated on material purchased and materials quantity is based on Material used in production. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours Standard Price or Inputs per Unit of Output Rate Direct materials 10.0 ounces $ 8.10 per ounce Direct labor 0.5 hours $ 24.70 per hour Variable manufacturing overhead 0.50 hours 6.40 per hour The company has reported the following actual results for the product for April: Actual output 7600 units Raw materials purchased 50,200 ounces Actual cost of raw materials purchased 386,210 Raw materials used in production 76,030 ounce Actual direct labor-hours 3450 hours Actual direct labor cost $ 88,880 Actual variable overhead cost $ 21,295 Enter all numbers as positive and rounded to the nearest dollar Required: Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance

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