1. A companys standard cost information for last year follows:

Standard Quantity		Standard Price Rate	Standard Unit Cost
Direct materials	1.5 lbs.	$1.75 per lb.	$3.05
Direct labor	1.5 hrs.	$10 per hr.	$16.00
Variable manufacturing overhead (based on DL hrs)	1.5 hrs.	$1.25 per hr.	$2.38

The company had the following actual results for the past year:

Number of units produced and sold	175,000
Number of pounds of raw materials used	310,000
Cost of raw materials	$496,000
Number of labor hours worked	200,000
Direct Labor Cost	$1,500,000
Variable overhead cost	$350,000

1. Direct Materials Price Variance

2. Direct Materials Quantity Variance: =

3. Total Direct Materials Spending Variance

4. Direct Labor Rate Variance

5. Direct Labor Efficiency Variance

6. Total Direct Labor Spending Variance

7. Variable Overhead Rate Variance

8. Variable Overhead Efficiency

1. Variable Overhead Spending Variance