Problem $9-$ VA$2$ Ascend Logistics is a small manufacturer of planters. The following information pertains to Q$2\text{'}$s production of one of their most popular planters. Variable and fixed overhead are applied based on Direct Labor Hours Standards Material: $5\mathrm{.}4$ pounds per Unit @ $$4$ per pound Labor: $2$ hours per Unit @ $$17$ per hour Variable OH: $2$ hours per Unit @ $$3$ per hour Fixed OH: $2$ hours per Unit @ $$0\mathrm{.}75$ per hour$**$based on budgeted production of $12,700$ Units Actuals Production: $13,000$ Units produced during the month Material: $70,000$ pounds purchased and used @ $$4\mathrm{.}05$ per pound Labor: $26,200$ direct labor hours @ $$17\mathrm{.}15$ per hour Variable OH: $$75,680$ Fixed OH: $$19,450$ Determine the following: $1.$ Material price variance $2.$ Material usage $($quantity$)$ variance $3.$ Labor rate variance $4.$ Labor efficiency variance