Problem 9-18 (Algo) Comprehensive Variance Analysis [LO9-4, L09-5, L09-6] Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problem5 as shown by its June contribution format income statement below: 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 swimming pool: During June the plant produced 4,000 pools and incurred the following costs: a. Purchased 17,800 pounds of materials at a cost of $3.15 per pound. b. Used 12,600 pounds of materials in production. (Finished goods and work in process inventories are insianificant and can be Required: 1. Compute the following variances for June: a. Materials price and quantity variances. b. Labor rate and efficiency variances. c. Variable overhead rate and efficiency variances. 2. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. 1a. Compute the following variances for June, materials price and quantity variances. 1b. Compute the following variances for June, labor rate and efficiency variances. 1c. Compute the following variances for June, variable overhead rate and efficiency variances. (Do not round your 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.) Complete this question by entering your answers in the tabs below. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None" for no effect ( 1 , e, zero variance). Input the amount as positive value.)