Save & Exit Krop Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. 0:57:36 Standard Quantity or Inputs Hours per Unit of Output Standard Price or Rate Direct materials 8.10 liters $ 7.70 per liter Direct labor 0.40 hours $ 20.70 per hour Variable manufacturing overhead 0.40 hour's $ 6.60 per hour The company has reported the following actual results for the product for September Actual output 10,300 units Raw materials purchased 84,700 liters Actual cost of raw materials purchased $ 667.500 Raw saterials used in production 83,460 liters Actual direct labor-hours 3.840 hours Actual direct labor cost $ 115, 302 Actual variable overhead cost $ 20.314 Required: a Compute the materials price variance for September b. Compute the materials quantity variance for September c. Compute the labor rate variance for September d. Compute the labor efficiency variance for September e Compute the variable overhead rate variance for September 1. Compute the variable overhead efficiency variance for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i... zero variance). Input all amounts as positive values.) Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost ob/, 500 83,460 lite 3,840 hour $ 115, 302 $ 20,314 Required: a. Compute the materials price variance for September. b. Compute the materials quantity variance for September. c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September. e. Compute the variable overhead rate variance for September f. Compute the variable overhead efficiency variance for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorab variance). Input all amounts as positive values.) a. Materials price variance b. Materials quantity variance c. Labor rate variance d. Labor efficiency variance e. Variable overhead rate variance t. Variable overhead efficiency variance