Variance Computations and Explanations Tarptent manufactures camping tents from a lightweight synthetic fabric. Assume the companys two-person tent has a standard materials cost of $60, consisting of 4 yards of fabric at $15 per yard. The standards call for 1.5 hours of assembly at $20 per hour. The following data were recorded for October, the first month of operations:

Fabric purchased	6,500 yards x $ 14.50 per yard
Fabric used in production of 1,200 tents	4,850 yards
Direct labor used	1,850 hours x $19.50 per hour

(a) Compute all standard cost variances for materials and labor.

Materials price variance (usage basis)	Answer	AnswerFU
Materials price variance (purchase basis)	Answer	AnswerFU
Materials quantity variance	Answer	AnswerFU
Labor rate variance	Answer	AnswerFU
Labor efficiency variance	Answer	AnswerFU

(b) Determine the standard variable cost of 1,200 tents produced, separated into direct materials and labor.

Direct materials	Answer
Direct labor	Answer
Total standard variable cost	Answer

Please answer all parts of the question.