Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to it neatly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covets, the factory should work 1005 houts each month to produce 2.010 sets of covers the standard.costs associated with this level of production are Por sot Direct materials Direct labor Variable manufacturing overhead (based on direct labor-hours) rotal $25,50 50.000 514.20 4.00 05 3. LUB 520.00 During August, the factory worked only 1200 direct labor hours and produced 2.600 sets of covers. The following actual costs were recorded during the month Orect waterials 6.000 yards) Direct labor Varsanufacturing ourhead r t Total 5100 51.50 $ 10,00 $. 2. to $19.00 At standard. cach set of covers should require 20 yards of material for the materials purchased during the month were used in production Required: 1 Compute the materials price and quantity variances for Augusti 2. Compute the laborate and efficiency Vacances for August 3. Compute the variabile overhead rate and efficiency variance for August Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead tate and efficiency variances for August (Indicate the effect of each vetlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect zoro variance), Input all amounts as positive values.) Matens nice vitrine Materiais quantity Laboravan Laboriency van Van overdrevenance Van vemendationcy variance