Peter Company uses a standard cost system for its single product in which variable overheads are applied based on direct labour hours. The following information is given:

Standard costs per unit: Actual performance for the current year: Compute the following variances for raw materials, direct labour, and variable overhead, assuming that the price variance for materials is recognized at point of purchase: a. Direct materials price variance. b. Direct materials quantity variance. c. Labour rate variance. d. Labour efficiency variance. e. Variable overhead rate variance. f. Variable overhead efficiency variance