Requirement $2$:

Revise the data in your worksheet to reflect the results for the subsequent period as shown below:

a$-1.$ What is the materials quantity variance?

a$-2.$ What is the materials price variance?

b$-1.$ What is the labor efficiency variance?

b$-2.$ What is the labor rate variance?

c$-1.$ What is the variable overhead efficiency variance?

c$-2.$ What is the variable overhead rate variance?