ompson Company uses a standard cost system for its single product. The following data are available: Actual experience for the current year: Purchases of raw materials(15,000 yards at $13) ........ $195,000 Raw materials used 12,000 yards Direct Labor costs (10,200 hours at $10) ... $102,000 Actual variable overhead cost .... $84,150 Units produced... 12,600 units Standards per unit of product: Raw materials... 1.1 yards at $15 per yard Direct labor... 0.80 hours at $9.50 per hour Variable overhead... $8 per direct labor hour Required: Compute the following variances for raw materials, direct labor, and variable overhead. assuming that the price variance for materials is recognized at point of purchase: a. Direct materials price variance b. Direct materials quantity variance c. Direct labor rate variance d. Direct labor efficiency variance e. Variable overhead spending variance f. Variable overhead efficiency variance