Question: Compute 1. materials price variance 2. material quantity variance 3. labor rate variance 4. labor efficiency variance 5. variable overhead variance 6. variable overhead efficiency

Compute 1. materials price variance 2. material quantity variance 3. labor

Compute

1. materials price variance

2. material quantity variance

3. labor rate variance

4. labor efficiency variance

5. variable overhead variance

6. variable overhead efficiency variance

Four Cats, Inc. has provided the following data concerning one of the products in its standard cost

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