Thank you so much

Problem 10-9 (Static) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Marvel Parts, Incorpocated, monufactures buto occessocies including o set of seot covers thot can be adjusted to fit most cars: According 10 its standards, the foctory should work 2.850 hours each month to produce 1.900 sets of seat covers The standard costs ansociated with this level of production ore: Ouring August the foctory worked 2.800 diect labochours and produced 2.000 sets of covers The following octuol costs were recorded during the month At standord, each set of covers should require 56 yerds of material. All of the motepials purchased during the month were used in production Required: 1 Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3 Compute the voriable overhead rote and efficiency variances for August. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None' for no effect (lie., zero variance). Input all amoumts as positive values