please answer with must and compulsory explanation, computation , for each steps and all parts answer in text form Variance Computations and ExplanationsTarptent manufactures camping tents from a lightweight synthetic fabric. Assume the company's 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 datawere recorded for October, the first month of operations to produce 12,000 tents.Fabric purchased and used in production 48,500.00 yards $14.50 per yardDirect labor usedREQUIRED18.500.00 hours $19.50 per houra. Compute all standard cost variances for materials and labor.Note: Do not use negative signs with your answers.Materials price variance$0xMaterials quantity variance $0 xLabor rate variance$8*Labor efficiency variance $0xb. Give one possible reason for each of the preceding variances.Direct materials price variance:Direct materials quantity variance:Labor rate variance:Labor efficiency variance:= xc. Determine the standard variable cost of the 12.000 tents produced, separated into direct materials and labor.Note: Do not use negative signs with your answers.Direct materials$0хDirect labor$0 xTotal standard variable cost for 12.000 tents 50x

Name: please answer with must and compulsory explanation, computation , for
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Description: please answer with must and compulsory explanation, computation , for each steps and all parts answer in text form Variance Computations and ExplanationsTarptent manufactures camping tents from a lightweight synthetic fabric. Assume the company's two