show work so I know how to do it.

3. (10 points) The following standards have been established for a raw material used to make product 192: Standard quantity of the material per unit of output ... 6 pounds Standard price of the material.......... ..... S2.25 per pound Standard bours of labor per unit of output 3 hours Standard rate of the labor per hour S& per hour The following data pertain to a recent month's operations: Actual material purchased ................... 13.600 pounds Actual cost of material purchased.......... $31,620 Actual material used in production ........ 13.600 pounds Actual output........ ......... 2,300 units of product 192 Actual laber used 7,100 hours Actual total labor cost $57.150 Required: a. What is the materials price variance for the month b. What is the materials quantity variance for the month? c. What is the labor rate variance for the month? d. What is the labor elliciency variance for the month? Bonus Question (6 bonus points possible) Layt Clock Company has developed the following Nexible budget for its overtread costs. The standard hours allowed per unit is 1.2 hours. Manufacturing overhead at Tayt is applied to production on the basis of standard machine hours: ............. Budget Information Machine Hours 26,400 Clocks produced... 22,000 Variable overhead cost per machine hour (standard) .. $5.90 Fixed overhead cost per unit per machine hours (standard) $6.48 Total Fixed overhead cost .... $171,072 The actual results for the year were as follows: Number of clocks produced .......... Machine-hours incurred Variable overhead cost. .......... Fixed overhead cost............... 21,500 24,940 $145,899 $170,540 Required: 1. Compute Variable Overhead Rate Variance. 2. Compute Variable Overhead Efficiency Variance. 3. Compute Fixed Overhead Budget Variance. 4. Compute Fixed Overhead Volume Variance