Marvel Parts, Inc., manufactures auto accessories. One of the companys products is a set of seat covers that can be adjusted to fit nearly 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 covers, the factory should work 990 hours each month to produce 1,980 sets of covers. The standard costs associated with this level of production are:

	Total		Per Set of Covers
Direct materials	$	45,738	$	23.10
Direct labor	$	6,930		3.50
Variable manufacturing overhead (based on direct labor-hours)	$	3,168		1.60
			$	28.20

During August, the factory worked only 1,000 direct labor-hours and produced 2,500 sets of covers. The following actual costs were recorded during the month:

	Total		Per Set of Covers
Direct materials (10,000 yards)	$	56,000	$	22.40
Direct labor	$	9,250		3.70
Variable manufacturing overhead	$	4,500		1.80
			$	27.90

At standard, each set of covers should require 3.30 yards of material. All of the materials purchased during the month were used in production.

Materials Price Variance?

Materials Quantity Variance?

Labor Rate?

Labor Efficiency?

Variable Overhead rate?

Variable Overhead efficiency?