Managerial accounting 8th edition marvel parts

Chapter 9 436 During August, the factory worked only 2,800 direct labor-hours and produced 2,000 sets of The following actual costs were recorded during the month: Per Set Total of Covers Direct materials (12,000 yards) . $45,600 $22.80 Variable manufacturing overhead $7.000 3.50 $50.80 At standard, each set of covers should require 5.6 yards of material. All of the materials purchased during the month were used in production. Required: Compute the following variances for August: 1. The materials price and quantity variances. 2. The labor rate and efficiency variances. 3. The variable overhead rate and efficiency variances