Marvel Parts, incorporated, mancfactures auto accessodes. One of the company/s peoducts is a set of reat cavers that can be adjusted to fit nearly any small cat. The conpany has a standard cost system in ase for alf of its products. Accoiding 10 the standarcs that herve been set for the seat covers, the factory should work 1,020 houls osch momb to produce 2,040 sest of covers. The standard costs ansociated with this level of production are: During August, the foctory worked only 1,000 direct labor-hours and produced 2.900 sets of covers. The following actual conts were recorded ducing the month: A standord, each set of covers should tequive 2.5 yards of material. All of the materiels puachased during the month were used in production. Aequired: 1. Compute the moterials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August. 3. Compute the variable overhesd rote and efficlency variances for August. (Do not round intermediate caiculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. and "None" for no eflect (l.e., zero varlance). Inpyt all amounts as positive values.)