Question: PLEASE ANSWER EACH QUESTION CORRECTLY! IF SO, I WILL LEAVE AN UPVOTE! Marvel Parts, incorporated, manufactures auto accessorfes including a set of seat covers that

Marvel Parts, incorporated, manufactures auto accessorfes including a set of seat covers that can be adjusted to fit most cars. According to its standards, the fectory should work 1,045 hours each month to produce 2.090 sets of seat covers. The standard costs astoclated with this level of production are: During August, the factory worked 800 direct labor-hours and produced 1,900 sets of covers. The following actual costs were fecorded during the month: At standard, each set of covers should require 3.0 yards of moterial. All of the materials purchased duting the month were used in production. Required: 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August. 3. Compute the vartable overhesd rate and efficiency varfances for August. Note: Do not round intermediate calculatlons. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (h.e., zero variance). Input all amounts as positive values. At standard, each set of covers should require 3.0 yards of material. Alr of the materials purchased during the month were used in production. Required: 1 Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August. 3. Compute the varlable overhesd rate and efficlency variances for August. Note: Do not round intermediate calculations. Indicate the effect of cach variance by selecting "F" for favorable, "U" for unfavorable, and "None" for ne effect (Le, zero variance). Input all amounts as positive values
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