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Konated here the concernig one of products com aved to the fresher hour it rect LE 1 FT Obor per Variable in . The company

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Konated here the concernig one of products com aved to the fresher hour it rect LE 1 FT Obor per Variable in . The company has reported the following actualment for the product to September pa . Actual cost of raw material 16. material in the . tual direct labore 3. Acta recta variable overhead west 2016 Required: a compute the material price variance for September b Compute the material quantity variance for September Compute the labor rate variance for September d. Compute the labor efficiency wariance for September e Compute the variable overhead rate variance for September Compute the variable overhead efficiency variance for September indicate the effect of each variance by selecting "P" for favorable. "U" for unfavorable, and "None for no effectie, ter variance). Input all amounts as positive values) Materials prie variance Material quantity wariance Latorrate variance d Laboretidency and Vase verticale variance Variable evaadefficiency variance Kropf Incorporated 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 Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of output 8.10 liters 0.40 hours 0.40 hours Standard Price or Rate $ 7.70 per liter 5 28.70 per hour $ 6.60 per hour The company has reported the following actual results for the product for September Actual output Raw materials purchased 10,300 units 84,700 liters Actual cost of raw materials purchased $ 667,500 Raw materials used in production 83,460 liters Actual direct labor-hours 3,848 hours Actual direct labor cost $ 115,382 Actual variable overhead cost $ 20,314 Required: a. Compute the materials price variance for September b. Compute the materials quantity variance for September c. Compute the labor rate variance for September d. Compute the labor efficiency variance for September e. Compute the variable overhead rate variance for September f. Compute the variable overhead efficiency variance for September (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 1 Variable overhead efficiency variance

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