Fortes Inc. has provided the following date 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 Standard Quantity or Boure per unit of Output Direct materials Direct labor Variable manufacturing overhead 8.1 new 0.6 hours 0.6 hours Standard Pries or hate 96.20 per ounce $20.90 per hour $ 4.50 per hour The company has reported the following actual results for the product for April Actual output Raw materials purchased 5.700 unita 48.300 ounces 1280,560 Actual cost of raw materials purchased Raw materials used in production 46,200 ounces Actual direct labor-hours 160 hours Actual direct labor cost 68,850 Actual variable overhead cost $ 13,405 Required: a. Compute the materials price variance for April. b. Compute the materials quantity variance for April. E. Compute the labor rate variance for April. . Compute the labor efficiency variance for April. Compute the variable overhead rate variance for April. Compute the variable overhead efficiency variance for April. dicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero iance). Input all amounts as positive values.) bled: Exam 4 CH 8,10 Saveu 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 Hours per Unit of Inputs Output 8.1 ounces Direct materials Direct labor Standard Price or Rate $ 6.20 per ounce $20.80 per hour. $ 4.50 per hour 0.6 hours Variable manufacturing overhead 0.6 hours The company has reported the following actual results for the product for April: Actual output Raw materials purchased 5,700 units 48,300 ounces $280,560 Actual cost of raw materials purchased Raw materials used in production 46,200 ounces 3,160 hours Actual direct labor-hours Actual direct labor cost $ 68,850 $ 13,405 Actual variable overhead cost. Required: a. Compute the materials price variance for April. D. 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 favorable, "U" for unfavorable, and "None" for no effect (i.e., zero ariance). Input all amounts as positive values.)