5.

Kowaleski Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	5.6	grams	$	5.00	per gram
Direct labor	0.5	hours	$	12.00	per hour
Variable overhead	0.5	hours	$	2.00	per hour

In June the company produced 4,900 units using 28,690 grams of the direct material and 2,650 direct labor-hours. During the month the company purchased 24,800 grams of the direct material at a price of $4.80 per gram. The actual direct labor rate was $12.60 per hour and the actual variable overhead rate was $1.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.

Required:

Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase:(Input all amounts as positive values. Do not round intermediate calculations.Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)