Mickey's Amusements Mickey's Amusements manufactures nide vehicles for noller cousten. One of their products is a seat with a hamess for coasters that have invernoens. Mickey't ases a standard cost system for all prodacts. Accerding to the standards act for the seat with a harness, the factory should work 1,100 hours cach month to produce 2,200 seats. At the standafd, each seat requires 3.0kg f of material. The standard costs atsociated with this production are During January, the factory worked 1,000 dircet labor hours and produced 2,200 seats. The following actual eosts incurred during Jaeuany ane All materials 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 me variance? 4) What is the Labor eficicncy vanance? 5) What is the variable OH rate variance? 6) What is the variable OH efliciency variance