Your name: CG 203-006 am 2 structor: Dr. Gaurav Gupta ading: Q1: 30 points, Q2: 25 points, Q3-Q8: 5 points each, 09:25points. Maximum points 110 te: Show detailed computations for getting full points. Kropf 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. Standard Quantity or Hours per Unit of Output Inputs Direct materials Direct labor Variable manufacturing overhead Standard Price or Rate 7.00 per liter 21.70 per hour 7.4 0.70 liters hours 0.70 hours $ 5.90 per hour company has reported the following actual results for the product for September 9,600 units 75,000 liters 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 562,500 71,050 liters 6,410 hours $ 142,302 $ 34,614 uired: ompute the materials price variance for September. mpute the materials quantity variance for September. mpute the labor rate variance for September mpute the labor efficiency variance for September. mpute the variable overhead rate variance for September. mpute the variable overhead efficiency variance for September