Lime Corporation makes a product with the following standard costs Standard Price or Rate $6.00 per gram $23.00 per hour $2.00 per hour Standard Cost Per Unit $57.00 $11.50 $1.00 Standard Quantity or Hours Input Direct materials Direct labor 9.5 grams 0.5 hours 0.5 hours Variable overhead In November the company's budgeted production was 3,000 units but the actual production and sales was 2,800 units. The company used 27,670 grams of the direct material and 1,390 During the month, the company purchased 31,400 grams of the direct material at a cost of direct labor cost was $29,607 and the actual variable overhead cost was $2,502 direct labor-hours to produce this output The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased Required: Calculate the following variances for November a Material price variance b Material quantity variance c. Direct labor rate variance d Direct labor eftficiency vanance e. Vanable ovefhead efficiency variance