2. (8 points) Kropf Incorporated 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. Inputs Direct materials Standard Quantity or Hours per Unit of Standard Price or Output 7.4 liters Direct labor 0.70 hours Variable manufacturing 0.70 hours. overhead Rate $ 7.00 per liter $21.70 per hour $5.90 per per hour The company has reported the following actual results for the product for September: Actual output Raw materials purchased Actual cost of raw materials purchasedS 562,500 Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 9,600 units 75,000 liters 71,050 liters 6,410 hours $ 142,302 $ 34,614 Required: a. Compute the materials price variance for September. b. Compute the materials quantity variance for September. c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September.