Please answer ALL of the following required questions

Koontz Company manufactures a numberofproducts. The Stahdrds relating tb !ie Of these pidduets are shown below, along wth actual cost data for May. Direct materials: Standard: 1.8e feet Et $1.48 per foot Actual: 1.75 feet at $1.8e per foot Direct labor: Standard: 0.90 hours at $17 . per hour' Actual: e. 95 hours et $16.40 per hour Variable overhead: Standard: hours at $6. per hour Actual: e.95 hours at per hour Total cost per unit Excess of actual cost over standard cost per unit 15.30 $ 3.15 15.58 5.32 $ 24.es The production superintendent was pleased when he saw this report andcdrnmentd: "This SO_83 excess cost is the 5 percent limit management has set for acceptable variances. obv!ous) that ther* not much to worry about with this product" Actual production for the month was 11,000 units. Variable overhead Ost iS assigned to products on the basis of direct labor-hours_ There were no beginning or ending inventories of materials. Required: 1. Compute the following variances for May: a. Materials price and quantity variances. b_ Labor rate and efficiency variances. c. Variable overhead rate and efficiency variances. 2 How much of the SO 83 excess unit cost is traceable to each of the variances computed in requirement 1. 3. How much of the $0.83 excess unit cost is traceable to apparent inefficient use of labor time? Complete this question .by entering your answers in the tabs below. Required 1 Required 2 Required Actual produetion for the month was 11.000 units. Variable overhead cost iS aSSigned to products on the basis Of direct labor-hours. There were no beginning or ending inventories of materials. Required: 1. Compute the followinO variances for May: a. Materials price and quantity variances. 'b. Labor Tate and efficiency variances_ c_ Variable overhead rate and efficiency variances. 2. How much of the $083 excess unit cost is traceable to each of the variances computed in requirement 1. 3. How much of the $0.83 excess unit cost is traceable to apparent inefficient use of labor time? Complete this question by entering your answers in the tabs below. Required 1 Required Required 3 How much of the $0.83 excess unit cost is traceable to apparent inefficient use of labor time? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Nne" for no effect (i.e., zero variance). all amounts as positive values. Do not round intermediate calculations. Round your.final answers to 2 decimal places.) Excess of actual over standard cost per unit Less portion attributable to labor inefficiency: Labu efficiency variance Variable overhead eficiency variance pwtion due to other variances < Required 2