Question 1 options: Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Materials price variances is calculated on material purchased and materials quantity is based on Material used in production. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.2 ounces $ 6.30 per ounce Direct labor 0.6 hours $ 21.80 per hour Variable manufacturing overhead 0.60 hours $ 4.60 per hour The company has reported the following actual results for the product for April: Actual output 5800 units Raw materials purchased 48,400 ounces Actual cost of raw materials purchased $ 289,600 Raw materials used in production 47,580 ounces Actual direct labor-hours 3170 hours Actual direct labor cost $ 73,240 Actual variable overhead cost $ 13,884

Required: Calculate the variances below, There are 2 answer boxes, the first box is for the numerical answer and the second is for the variance favorability identification. Enter all numbers as positive and rounded to the nearest dollar. You do not need to enter any US dollar identifier. Material Price Variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance