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pls solve Problem 10.9 (Algo) Comprehenslve Variance Anolysis [LO10-1, LO10.2, LO10.3] Marvel Parts. Incorporated, manufactures auto accessorles, One of the companys products is a set

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Problem 10.9 (Algo) Comprehenslve Variance Anolysis [LO10-1, LO10.2, LO10.3] Marvel Parts. Incorporated, manufactures auto accessorles, One of the companys products is a set of seat covers that can be adjuste to fit nearly any smali car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,070 hours each month to produce 2,140 sots of covers The standard costs assoclated with this level of production are: During August, the factory worked only 1,000 direct labor-hours and produced 2,400 sets of covers. The following actual costs were recorded during the month At standard, each set of covers should require 15 yards of marerial All of the moterias purchased during the month were ured in production. Required: 1. Compute the mateitas price and ouantity varances for Augut. 2 Compute the labor rote and efficlency bonsuses for Augubt 3 Comoute the vanable overheso rate and efticlency variances for AL gurt Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorabie, "U" for unfavorable, and "None" for no effect de zero varlance). Input al amounts as positive values

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