Galan Inc. has provided the following information form 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 overhead Standard Quantity or Hours per Unit of Output 8.10 liters 8.40 hours 8.40 hours Standard Price or Rate $ 7.70 per liter $28.70 per hour $ 6.60 per hour The company has reported the following actual results for the product for August: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 10,300 units 84,700 liters $667,500 83,460 liters 3,840 hours $115,302 > $ 20,314 Required: a. Compute the materials price variance for August b. Compute the materials quantity variance for August. c. Compute the labor rate variance for August. d. Compute the labor efficiency variance for August. e. Compute the variable overhead rate variance for August 1. Compute the variable overhead efficiency variance for August. (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