SouthBack Coat Co. makes a Light Coat and Heavy Coat. Both products require filler and lining material. The following planning information has been made available: Filler Liner Std. Labor Time Std. Labor Rate per Hr. Planned Production Standard Quantity Light Coats Heavy Coats Std. Price per unit 2.5 lbs. 5.0 lbs. $1.10 per lb. 4.5 yds. 8.5 yds. $6.50 per yd. .30 hrs. .5 hrs. $13.60 $14.80 4,000 Coats 6,000 Coats SouthBack experienced the following actual results: Actual Production 4,400 Light Coats 5,500 Heavy Coats Filler Liner Actual Price per Unit $1.15 per lb. $6.40 per yd. Actual Qty. Used 34,500 lbs. 68,500 yds. Light Coats Heavy Coats Actual Labor Rate $13.25 $14.50 Actual Labor Hours 1,300 2,900 No beginning or ending inventory balances were expected or realized. Required: A) Determine the materials price variance (Hint: You will have to evaluate each material separately, then combine your results). B) Determine the materials usage variance (Hint: You will have to evaluate each material separately, then combine your results). C) Determine the overall materials variance. D) Determine the labor rate variance (Hint: You will have to evaluate each coat separately, then combine your results). E) Determine the labor efficiency variance (Hint: You will have to evaluate each coat separately, then combine your results). F) Determine the overall labor variance. Note: Indicate whether each variance was favorable or unfavorable with an "F" or "U