Compute the materials price and quantity variances for August.

Compute the labor rate and efficiency variances for August.

Compute the variable overhead rate and efficiency variances for AugustMarvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted

to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have

been set for the seat covers, the factory should work $1,065$ hours each month to produce $2,130$ sets of covers. The standard costs

associated with this level of production are:

During August, the factory worked only $1,050$ direct labor$-$hours and produced $2,700$ sets of covers. The following actual costs were

recorded during the month:

At standard, each set of covers should require $2\mathrm{.}0$ yards of material. All of the materials purchased during the month were used in

production.