Miler Toy Compsny msnufictures s plastic swimming pool st its Wiestwood Plant. The piont is experiencing problems sashawn by Its June contrioution formst income statement below: *Contsins direct materisis, alrect lobor, snd vsrisble monufisturing overheod. Jonet Dunn, who has just been appointed general mensger of the Westwood Plant, hss been given Instructians to "get thing: under control." Upan revewing the plant's income statement, Ma. Dunn concluded the msjor problem lies in the variable cost of goods sold. She has been prowded with the fo owhy standsed cost per swimming poo: rgesed on mschine-hours. During June, the plsmt produced 5,000 poo s snd incurred the following costs: a. Purchssed 24,000 pounda of materisals ot sost of $265 per pound. b. Used 18,900 pounds of materisls in production. |Firished goods snd work in pracess inventaries sre inalgnificsnt snd csn be ignored. c. Worked 4,00 direct lsborthours at s cast of $6.50 per hour: d. Incurred veriable msnufbcturing averhesd cost totsiling $7,560 for the marth. A totsl af 2900 mechlne-hours wos recarded It is the compony's policy to ciose sl verisnces to coat of goods sold on a monthly beal: Required: 1. Compute the following vsriances for June: a. Materiala price snd quantity vorisnce: b. Lobor rete and efficiency viriance: c. Varisble overhesd rate and efficiency variances. 2 Summarize the vsriance: you computed in requirement 1 by showing the net oversll foworsble ar unfisvorable varisnce for the month. Complete this question by entering your answers in the tabs below. 1a. Compute the following variances for June, moterisls price and quantity variances. 1b. Compute the following variances for June, labor rate and efficiency variances. 1c. Compute the following variances for June, variable avertead rate and efficency variances. Note: Do not round your intermediste calculatians Indicate the erfot of esch variance by sedecting "F" for foworabile, "U' for unfovoroble, and "Wane" for no effect (i.e., zero varianca). Input all amounts as pocithe values