Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Actual Flexible Budget $ 675,000 675,000 435,000 461,890 20,000 20,000 455,000 Sales (16,000 pools) Variable expenses Variable cost of goods sold" Variable selling expenses Total variable expenses Contribution margin Fixed expenses Manufacturing overhead Selling and administrative Total fixed expenses 481,890 193,110 220,000 130,000 130,000 84,000 84,000 214,000 214,000 Inot norstin inema acel COM ngan Net operating income (loss) $ 6,000 (20,890 *Contains direct materials, direct labor, and variable manufacturing overhead. Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to "get things under control." Upon reviewing the plant's income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swiming pool: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials $ 15.00 Direct labor 3.0 pounds $5.00 per pound 0.8 hours $16.00 per hour 0.4 hours $3.00 per hour 12.80 1.20 Variable manufacturing overhead Total standard cost per unit $29.00 *Based on machine-hours. *Based on machine-hours. During June, the plant produced 16,000 pools and incurred the following costs: a. Purchased 60,000 pounds of materials at a cost of $5.15 per pound. b. Used 49,200 pounds of materials in production, c. Worked 11,800 direct labor-hours at a cost of $17.00 per hour. d. Incurred variable manufacturing overhead cost totaling $18,290 for the month. A total of 5,900 machine-hours was recorded. It is the company's policy to close all variances to cost of goods sold on a monthly basis. Required: Compute the following variances for June (Please do not use a dollar sign in your answers): a. Materials price variance: b. Materials quantity variance: c. Labor rate variance: Required: Compute the following variances for June (Please do not use a dollar sign in your answers): a. Materials price variance: 4) b. Materials quantity variance: c. Labor rate variance: 4 d. Labor efficiency variance: . e. Variable overhead rate: f. Variable efficiency variance: