A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 6 pounds at $0.90 per pound 0.5 hour at $12.00 per hour 0.5 hour at $4.80 per hour = $5.40 = $6.00 = $2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials price variance for the month was: Multiple ci $6,000 unfavorable $1,800 favorable $1,000 favorable $5,800 unfavorable $1,800 unfavorable Fletcher Company collected the following data regarding production of one of its products. Compute the total direct labor cost variance. Direct labor standard (2 hrs. @ $12.75/hr.) Actual direct labor hours Actual finished units produced Actual cost of direct labor $ 25.50 per finished unit 81,500 hrs. 40,000 units $1,100,250 Multiple Choice $80,250 unfavorable. $80,250 favorable. $61,125 favorable. $61,125 unfavorable. $19,125 favorable. Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance. Direct labor standard (2 hrs. @ $12.75/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. @ $14.30/hr.) Standard fixed OH rate ($336,000/42,000 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred $ 25.50 per finished unit 81,500 hrs. 42,000 units 40,000 units $ 28.60 per finished unit $ 8.00 per unit $1,140,000 $ 338,000 Multiple Choice $25,450 favorable. $4,000 favorable. $4,000 unfavorable. $21,450 unfavorable.. $21,450 favorable