Netflix X "Assignments: ACCT-2020-301- X Question 3 - Ch 10 HW - Conne X G Marvel Parts, Incorporated, ma x C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlewar... * 0 Update : Ch 10 HW i Saved Help Save & Exit Submit Check my work 3 Total Per Set of Covers Direct materials (3,900 yards) $ 19 , 500 $ 13.00 Direct labor $ 6, 600 4. 40 Variable manufacturing overhead $ 4, 800 3.20 6.68 $ 20.60 points At standard, each set of covers should require 1.8 yards of material. All of the materials purchased during the month were used in production. Required: Book 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August. Hint (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Print 1. Materials price variance 1. Materials quantity variance References 2. Labor rate variance 2. Labor efficiency variance 3. Variable overhead rate variance 3. Variable overhead efficiency variance Mc Graw Hill