Mickey's Amusements Mickey's Amusements manufactures nide vehicles for foller cenaten. One of their products is a seat with a hamess for coasters that have inversoms. Mickey's uses a standard cost system for all prodacts. Acoording to the standards set fir the seat with a havess, the factory should work 1,100 hours each month to produce 2,200 seats. At the standafd, each seat requires 30kq f of material. The standard costs associated with this production are: Durng January, the factory worked 1,000 dircet labor hours and prodeced 2,200 seats. The following actual costs incurred during Jatuany ane AII maferials purchased in January were used in production Calculate the following (be sure to label variances as F/U ): 1) What is the materials price variance? 2) What is the materials quantity variance? 3) What is the labor nate variance? 4) What is the labor efficiency variance? 5) What is the variable OH rate variance? 6) What is the variable OH efficiency variance