Solve requirment d, e, and f Fortes Incorporated has provided the following data concerning one of the products in its standardcost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsDirect materialsDirect laborVariable manufacturing overheadActualputRaw materials purchasedActual cost of raw materials purchasedRaw materials used in productionActual direct labor-hoursActual direct labor costActual variable overhead costStandard Quantity orHours per Unit ofOutput8.0 ounces0.5 hours0.5 hoursThe company has reported the following actual results for the product for April:6,500 units62,350 ouncesa. Materials price varianceb. Materials quantity variancec. Labor rate varianced. Labor efficiency variancee. Variable overhead rate variancef. Variable overhead efficiency variance$ 386,21052,020 ounces3,200 hoursStandard Price or Rat$ 8.10 per ounce$24.70 per hour$ 6.40 per hour$ 88,880$ 20,395Required:a. Compute the materials price variance for April.b. Compute the materials quantity variance for April.c. Compute the labor rate variance for April.d. Compute the labor efficiency variance for April.e. Compute the variable overhead rate variance for April.f. Compute the variable overhead efficiency variance for April.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and"None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Name: Solve requirment d, e, and f Fortes Incorporated has provided the foll
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Description: Solve requirment d, e, and f Fortes Incorporated has provided the following data concerning one of the products in its standardcost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsDirect materia

Lets understand the basics. Labor efficiency variance is a variance between the standard hours that…

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d. Compute the labor efficiency variance for April. e. Compute the variable overhead rate variance for April. f. Compute the variable overhead efficiency variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)