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Fortes Inc. has provided the following data concerning one of the products In Its standard...

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Accounting

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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. Roars per Unit of Direet materials Direct 1abor Variable manufacturing overhend 0.5 .5 hours 7.50 per ounce 28.70 per h 5.90 per hour The company has reported the following actual results for the product for April: Actual output Rav materials parchesed Actual cost of rew materiale parehased 0,900 unite 62,000 #355, 530 60,740 Aetual direet laber-hours Actual direet labor cost Actual variable overhead eost ,290 hours 100,060 19,250 a. Compute the materials price varlance for Apri b. Compute the materials quantity varlance for April c. Compute the labor rate varlance for April d. Compute the labor efficiency varlance for April e. Compute the variable overhead rate varlance for April f Compute the variable overhead efficiency varlance for April Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and none" for no effect (Lee, Zero varlance), Input all amounts as positive values Materials price variance

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