Koontz Co

Please see problem and questions attached.

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 la. Compute the following variances for May, materials price and quantity variances. 1b. Compute the following variances for May, labor rate and efficiency variances. lc. Compute the following variances for May, variable overhead rate and efficiency variances. (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.) la. Materials price variance Materials quantity variance 1b. Labor rate variance Labor efficiency variance lc. Variable overhead rate variance Variable overhead efficiency variance Required 2 Show less A