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Variances (18 points) In 2020 Apple Valley set the following standard costs for one of their most well-loved products, the Apple Valley classic Grandma's large

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Variances (18 points) In 2020 Apple Valley set the following standard costs for one of their most well-loved products, the Apple Valley classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples: Budgeted quantity Budeeted price Direct materials 1.5 pounds $7.40 per pound Direct labor 0,25 hours $14.00 per hour Apple Valley sells their ples for $20 per pie. Apple Valley's actual results for the month of November are as follows: Produced and sold 1,200 ples Purchased 1.900 pounds of direct material for a total cost of $14,250 but only used 1,875 pounds. Used 280 direct labor hours for a total direct labor cost of $3.990, Compute the following variances for November. Input your answers as positive numbers to the nearest whole dollar. No dola signs, commas, or cents. 1. Materis price variance 2. Materials quantity variance 3. Labor rate variance

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