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 Sto. Quantity or hours Direct Materials -pecunoasters SAO. price or 7.1 ounces rate Direct Labor 0.5 hours 37.20 per ounce Variable manufacturing $23.70 per hour 0.5 hours overhead $5.50 per hour The company has reported the following actual results for the product for April Actual output 8, 2000 units Raw Materials purchased 62.080 ounces Actual cost of raw materiais purchased $830, 640 Raw materials used in production 1,080 ounces 3,240 hours Actual direct labor-nours Actual direct labor $5%.350 cost $ 17,00 Actual variable overhead cost -) 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. Inputs Standard Quantity or Hours per unit of output Standard price or Rate # 7.20 per Tounce 25.70 per Direct Materials 7.1 ounces Direct Labor 0.5 hours Variable Manufacturing a5 hours nour $5.50 per overhead nour The company has reported the following actual results for the product for Aprit: Actual output: 8,600 units Raw materials purchased: 102,080 ounces Actual cost of Raw materials purchased: $338,640 Raw materials used in production. Actual Direct Labor-hours:3,240 no Actual Direct Labor cost : $826, 350 Actual variable overhead cost : $17,066