The Butch Company uses standard costing and has established the following standards for its since product Direct materials 2 allons at $3 per calon Direct labor 5 hours at $8 per hour Variable manufacturing overhead OS hours at 52 per hour During March the company made 4.000 units and incurred the following costs Direct materials purchased B,100 gallons at $3.10 per gallon Direct materials used 7.600 tons Direct labor used 2.200 hours at $8.25 per hour Actual variable manufacturing overhead $4.175 The company applies variable manufacturing overhead to products on the basis of direct tibor hon Required From the foregoing information, compute the following variances Show whether the war favorable (F) or unfavorable (U). After you input your answers below. You will upload your handwritten supporting calculations on the following question What is the material price variance for March? Type the letter "F" the above variance is favorable or the letter "U"ittis unfavorable What is the material quintity variance for Marche Type the letter "F" if the above variance is favorable or the better " Uit is unfavorable What is the labor rate variance for March? Type the letter "F" I the above variance is favorable or the letter Unitis untavorable. What is the labor efficiency variance for March Type the letter "Fif the above variance is favorable or the letter if it is unfavorable