Inputs Standard Quantity/Hours Standard Price/Rate Direct Materials 3.9 Kilos $5.50 per kilo Direct Labor 0.8 Hours $21.00 per hour Variable Overhead 0.8 Hour $5.00 per hour The company reported the following results concerning this product in October Actual Output Purchase of raw materials Actual direct labor-hours Raw materials used in production Cost of raw materials Cost of direct labor Actual variable overhead rate 8.400 22,500 5,500 29.000 $155.777 $132.000 $4.25 units kilos hours kilos Total Total per hour The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Required (Answers should not include commas nor negative signs. Answers should be in the format 4000 F or 4000 U): Compute the materials quantity variance. Compute the materials price variance. Total Material Variance Compute the labor efficiency variance. . Compute the direct labor rate variance. Total Labor Variance Compute the variable overhead efficiency variance. Compute the variable overhead rate variance. Total Variable Overhead Variance