The standard cost of product 5252 includes 1.9 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $22.00 per direct labor hour. DuringJuly, the company incurred 4,240 hours ofdirect labor at an average rate of $14.30 per hour and $35,340 of manufacturing overhead costs. It produced 2,120 units. (6!) Compute the total. price, and quantity variances for labor. Total labor variance $ V Labor price variance $ V Labor quantity variance $ V ib) Compute the total overhead variance. Total overhead variance $ V eTextbook and Media Save for Later Attempts: U of 2 used Current Attempt in Progress The standard cost of product 777 includes 2 units of direct materials at $6.00 per unit. During August, the company bought 29,200 units of materials at $6.30 and used those materials to produce 15,800 units. Compute the total, price, and quantity variances for materials. Total materials variance Materials price variance Materials quantity variance e Textbook and Media Save for Later Attempts: 0 of 2 used Submit AnswerLily Company's standard materials cost per unit of output is $11.20 (2.00 pounds x $5.60). During July, the company purchases and uses 3,300 pounds of materials costing $19,800 in making 1,550 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance Materials price variance Materials quantity variance $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit AnswerIn October, Sunland Company reports 19,740 actual direct labor hours, and it incurs $110,920 of manufacturing overhead costs. Standard hours allowed for the work done is 19,364 hours. The predetermined overhead rate is $6 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit