Answer complete question please, otherwise skip it, answer in text form please (without image) Doby Corporation makes a product with the following standard costs:Direct materialsDirect laborVariable overheade. Compute the variable overhead efficiency variance.f. Compute the variable overhead rate variance.In July the company produced 5,200 units using 14,450 ounces of the direct material and 1,070 direct labor-hours. During the monththe company purchased 15,600 ounces of the direct material at a price of $7.2 per ounce. The actual direct labor rate was $16.2 perhour and the actual variable overhead rate was $5.4 per hour. The materials price variance is computed when materials arepurchased. Variable overhead is applied on the basis of direct labor-hours.Required:a. Compute the materials quantity variance.b. Compute the materials price variance.c. Compute the labor efficiency variance.d. Compute the labor rate variance.Standard Quantity or Hours2.70 ounces0.20 hours0.20 hoursa. Materials quantity varianceb. Materials price variancec. Labor efficiency varianced. Labor rate varianceStandard Price or Rate$7.00 per ounce$ 17.00 per hour$ 6.00 per hourNote: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance). Input all amounts as positive values.e. Variable overhead efficiency variancef. Variable overhead rate variance

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Uploaded: 2024-03-20T06:33:06.000Z
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Description: Answer complete question please, otherwise skip it, answer in text form please (without image) Doby Corporation makes a product with the following standard costs:Direct materialsDirect laborVariable overheade. Compute the variable overhead effici