A company produces aprons with fancy decals. The direct materials include fabric and decals. The fabric beginning inventory was zero but fabric ending inventory was 2,000 yards. Both beginning and ending decal inventory was zero. The standard costs per unit are as follows

Direct Material (fabric 3 yards @ $12.00 per yards)

Direct materials (decal pieces 2 pieces @ $4.00 per decal piece)

Direct labor (0.5 hour @ $20.00 per hour)

Variable overhead ($5.00 per direct labor hour)

Fixed Overhead ($30.00 per direct labor hour)

During the most recent month, 5,500 units of the product were produced. Other salient information related to the production of the 5,500 units follows:

Actual variable overhead	$12,800.00
Actual fixed overhead	$89,000.00
Actual direct labor hours	2,650
Actual direct labor hourly rate	$19.98
DM fabric purchase price per yard	$11.97
DM fabric purchase quantity in yards	18,050
Decal price per piece	$3.80
Decal purchase in pieces	11,500
Fixed Overhead Budget	$90,000

Required: For questions 15-24 compute each of the following variances indicating both the dollar amount and whether the amount is favorable (F) or unfavorable (U). If a variance is zero, please input zero for the dollar amount and leave the F and U columns blank. If the question asks for a variance that does not exist, indicate N/A in the dollar amount column and leave the F and U columns blanks. If there is not enough information to determine the answer to any question, indicate not enough information in the dollar columns and leave the F and U columns blank. For question 12, compute the denominator in hours.

PLEASE SHOW THE WORK ON HOW TO DO SO

		Dollar Amount	F	U
15	MPV fabric purchase price variance
16.	MUV fabric efficiency (quantity) variance
17.	MPV decal purchase price variance
18	MPV decal efficiency (quantity) variance
19.	LRV Direct Labor rate variance
20	LEV Direct Labor efficiency variance
21	The variable overhead spending variance
22	The variable overhead efficiency variance
23.	The fixed overhead spending variance
24.	The fixed overhead volume variance