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1. Compute price and usage variances for direct materials. MPV $ 5,760 X Favorable MUV 1,200 X Unfavorable 2. Compute the direct labor rate

1. Compute price and usage variances for direct materials. MPV $ 5,760 X Favorable MUV 1,200 X Unfavorable 2. Compute the direct labor rate and labor efficiency variances. Labor Rate Variance Labor Efficiency Variance 3. Compute the fixed overhead spending and volume variances. Spending Variance $ Volume Variance 4. Compute the variable overhead spending and efficiency variances. Spending Variance $ Efficiency Variance

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