ABC Co. uses standard cost system. Please note the following acronyms. DM: Direct materials DL: Direct labor VMOH: Variable manufacturing overhead, which is applied to products on the basis of DL hours. MPV: materials price variance MQV: materials quantity variance LRV: labor rate variance LEV: labor efficiency variance VOH SV: variable overhead spending variance VOH EV: variable overhead efficiency variance F: Favorable U: Unfavorable NONE: no effect (i.e., zero variance) Inputs DM DL VMOH Standard Quantity or Hours per Unit of Output 9.00 liters 0.40 hours Standard Price or Rate 0.40 hours $8.60 per liter $37.70 per hour $ 7.50 per hour ABC reported the actual results for the product for June as follows: Actual cost of DM purchased Actual output DM purchased DM used in production Actual DL hours Actual DL cost 11,200 units 102,600 liters $896,500 100,820 liters 4,300 hours $170,302 Actual VOH cost $ 27,414 Note: Specify the effect of each variance by selecting F, U, NONE, all amounts should be input as positive values. Required: a. Compute the MPV for June. b. Compute the MQV for June c. Compute the LRV for June d. Compute the LEV for June.