Heye Inc.has provided the following data concerning one of the products in its standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours. 
The company has reported the following actual results for the product for August: 
Required:
a.Compute the materials price variance for August.
b.Compute the materials quantity variance for August.
c.Compute the labor rate variance for August.
d.Compute the labor efficiency variance for August.
e.Compute the variable overhead rate variance for August.
f.Compute the variable overhead efficiency variance for August.
Definitions:
Business Income
This refers to the earnings or revenue generated from the business's operations, after subtracting the costs and expenses associated with producing and selling the business's goods or services.
Customer Service
The assistance and support provided by a company to those people who buy or use its products or services.
Total Independence
A state or condition where an entity operates without any external control or influence.
Franchise
A contractual license to operate an individually owned business as part of a larger chain.
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