Required:

$1.$ Compute the materials price variance for the plates purchased last month, and compute a materials quantity variance for the plates used last month. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

materials price variance

materials quantity variance

$2-$a$.$ Compute a labour rate variance and a labour efficiency variance for the lab. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Do not round intermediate calculation and round your final answers to $1$ decimal place.$)$

late rate variance

late efficiency variance

$2-$b$.$ This part of the question is not part of your Connect assignment.

$3-$a$.$ Compute the variable overhead spending and efficiency variances. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

variable overhead spending variance

variable efficiency spedning variance

$3-$b$.$ This part of the question is not part of your Connect assignment.

$4.$ Compute the fixed overhead budget and volume variances. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

fixed overhead budget variance $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

fixed overhead volume variance $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$