The Chad Company produces and sells Bean Bag Chairs. Standards for the product follow:

Direct materials, 8 yards at $2.00 per yard

• Variable overhead. % direct labor hour at $2 per direct labor hour

• Fixed overhead, % direct labor hour at S6 per direct labor hour

• Standards are based on 24.000 budgeted direct labor hours per year

The company manufactured and sold 44.000 units of product during the year. A total of 360.000 yards of material was purchased and used during the year at a cost of $2.25 per yard The company worked 23.500 direct labor hours during the year at a rate of 58.10 per how, Actual variable overhead costs were S45,000 Actual fixed overhead costs were $143.000.

Indicate favorable variances with an F and unfavorable variances with a U.

1. Direct materials price variance:

2. Direct materials quantity variance:

3. Direct labor rate variance;

4. Direct labor efficiency variance:

5. Variable overhead spending variance

6. Variable overhead efficiency variance: