Transcribed image text : Fortes Inc. 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. Inputs Direct materials Direct labon Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 6.9 ounces 0.5 hours 9.5 hours Standard Price or Rate $ 7.40 per ounce $27.70 per hour $ 5.70 per hour The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 8,700 units 62, 180 ounces $348, 670 60,940 ounces 3,280 hours $ 95,820 $ 17,787 Required: a. Compute the materials price variance for April. b. Compute the materials quantity variance for April. C. Compute the labor rate variance for April. d. Compute the labor efficiency variance for April e. Compute the variable overhead rate variance for April f. Compute the variable overhead efficiency variance for April (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) a. b. c Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance d. e f The mixing machines are potentially the constraint in the production facility. A total of 14,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Required: a. How many minutes of mixing machine time would be required to satisfy demand for all three products? b. How much of each product should be produced to maximize net operating income? c. Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? Complete this question by entering your answers in the tabs below. Required A Required B Required C Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity? (Round your intermediate calculations and final answer to 2 decimal places.) Mixing machine capacity