Saved Help Save & Exit Submit ABC Co. uses standard cost system. Please note the following acronyms. DM: Direct materials DL: Direct labor VMOH: Variable manufacturing overhead, which is applied to products on the basis of DL hours. MPV: materials price variance MQV: materials quantity variance LRV: labor rate variance LEV: labor efficiency variance VOH SV: variable overhead spending variance VOH EV: variable overhead efficiency variance F: Favorable U: Unfavorable NONE: no effect (i.e., zero variance) Standard Quantity or Hours per Unit Standard Price or Inputs of Output Rate DM 9.30 liters $ 8.90 per liter DL 0. 70 hours $25.70 per hour VMOH 0. 70 hours $ 7.80 per hour ABC reported the actual results for the product for June as follows: 11, 500 units Actual output 107.900 liters DM purchasedSaved Help Save & Exit Sub ABC reported the actual results for the product for June as follows: Actual output 11, 500 units DM purchased 107, 900 liters Actual cost of DM purchased $979, 500 DM used in production 106,980 liters Actual DL hours 7, 750 hours Actual DL cost $205, 302 Actual VOH cost $ 55, 414 Note: Specify the effect of each variance by selecting F, U, NONE, all amounts should be input as positive values. Required: a. Compute the MPV for June. b. Compute the MQV for June c. Compute the LRV for June d. Compute the LEV for June. e. Compute the VOH SV for June. f. Compute the VOH EV for June. a. MPV b. MQV C. LRV d. LEV e. VOH SV F. VOH EV