A company sets standard costs for its product as follows:

Direct materials: 6 kilograms per unit at $10 per kilogram

Direct labor: 4 hours per unit at $25 per hour

Variable overhead: $12 per unit During the month, the company produced 5,000 units and incurred the following actual costs:

Direct materials: 30,500 kilograms at $9.80 per kilogram

Direct labor: 20,200 hours at $24.50 per hour

Variable overhead: $60,000 Calculate the direct material price variance, direct material quantity variance, direct labor rate variance, direct labor efficiency variance, and variable overhead spending variance.