Please help answer:

>>> Answer the following questions about standard costs.

A. What is the materials price variance? Materials price variance $

B. What is the materials quantity variance? Materials quantity variance $

C. What is the total materials variance? Total materials variance $

D. What is the labor price variance? Labor price variance $

E. What is the labor quantity variance?Labor quantity variance $

F. What is the total labor variance?Total labor variance $

G. Evaluate the variances for this company for January. What do these variances suggest to management?

H.What is the total overhead variance? Total overhead variance $

Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Item Per unit Cost Metal 1 lb. 63 per lb. Plastic 12 oz. $1.00 per lb. Rubber 4 oz. 884 per lb. Direct labor Item Per unit Cost Labor 15 min. $9.00 per hr. Predetermined overhead rate based on direct labor hours = $3.62 The January figures for purchasing, production, and labor are: The company purchased 228,200 pounds of raw materials in January at a cost of 79 a pound. Production used 228,200 pounds of raw materials to make 115,000 units in January. Direct labor spent 18 minutes on each product at a cost of $8.90 per hour. Overhead costs for January totaled $36,650 variable and $72,000 fixed