ABC Company manufactures a well known brand of headsets.

ABC Company manufactures a well-known brand of headsets. Management has recently establig Bold andard cost system for cost control. The standard cost per unit was developed based cm. 13; production level: 1,200 units Raw material 12 parts @ Direct labor 2 hours @ Variable overhead 2 hours @ Fixed overhead 2 hours @ During the month of June, the actual results are as follows: Finished units 1,000 Direct material used 13,000 Total direct material purchased 14,000 Direct labor cost $ 15,000 Actual direct labors hours 2,500 Actual variable manufacturing overhead costs $ 3,600 Actual xed manufacturing overhead costs $ 10,000 Required: 1.12 5.50 1.40 $ $ $ $ 4.10 units parts parts @ hours per headset per hour per direct labor hour per direct labor hour $ 14,280 Compute the following variances and state if they are favorable or unfavorable. Direct material price variance Direct material quantity variance Direct labor rate variance Direct labor efficiency variance Variable manufacturing overhead spending variance Variable manufacturing overhead efciency variance Fixed manufacturing overhead spending variance Fixed manufacturing overhead volume variance