9-16. The Clayton Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's single product on the basis of standard direct labor-hours (DLHs). The standard cost card for the product follows: $14 12 Standard Cost Card-per unit of product Direct Materials, 4 yards at $3.50 per yard.. Direct Labor, 1.5 DLHs at $8 per DLH ....... Variable Overhead, 1.5 DLHs at $2 per DLH............ Fixed Overhead, 1.5 DLHs at $6 per DLH............ Standard cost per unit.... .......... $38 The following data pertain to last year's activities: The company manufactured 18,000 units of product during the year. A total of 70,200 yards of material was purchased during the year at a cost of $3.75 per yard. All of this material was used to manufacture the 18,000 units. The company worked 29,250 direct labor-hours during the year at a cost of $7.80 per hour. The denominator activity level was 22,500 direct labor-hours. Budgeted fixed manufacturing overhead costs were $135,000 while actual manufacturing overhead costs were $133,200. Actual variable overhead costs were $61,425. 13. What is the variable overhead price variance? A.) 2925F B.) 2925U C.) 4500F D.) 4500U E.) None of the above 14. What is the variable overhead efficiency variance? A.) 2925F B.) 29250 C.) 4500F D.) 4500U E.) None of the above 15 What is the fixed overhead price variance? 27000U B.) 27000F C.) 1800U D.)1800F E.) None of the above 16.) What is the fixed overhead production volume variance? A.) 27000U B.) 27000F C.) 1800U D.) 1800F E.) None of the above