LOUS Klacic Corporation makes a product with the following standard costs: 36 pts Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard Quantity or Hours 8.7 grams 0.8 hours 0.8 hours Standard Price or Rate $7.00 per gram $12.00 per hour $7.00 per hour $60.90 $9.60 $5,60 The company reported the following results concerning this product in May. Originally budgeted output 2,600 units Actual output 2,700 units Raw materials used in production 23,010grams Purchases of raw materials 25,300grams Actual direct labor-hours 1,980hours Actual cost of raw materials purchases $169,510 Actual direct labor cost $21,582 Actual variable overhead cost $13,662 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is como when the materials are purchased. Required: a. Compute the materials quantity variance. b. Compute the materials price variance. c. Compute the labor efficiency variance. d. Compute the labor rate variance. e. Compute the variable overhead efficiency variance. f. Compute the variable overhead rate variance. MacBook Pro