ABC Corporation sets standard costs for producing its product. The standard costs per unit are:

• Direct materials: $12
• Direct labor: 2 hours at $20 per hour
• Variable overhead: $8
• Fixed overhead: $10 per unit based on expected production of 5,000 units

During the month, ABC produced 4,800 units and incurred the following actual costs:

• Direct materials: $58,000
• Direct labor: 9,500 hours at $22 per hour
• Variable overhead: $38,000
• Fixed overhead: $48,000

Calculate:

• Direct material price variance and quantity variance
• Direct labor rate variance and efficiency variance
• Variable overhead spending variance and efficiency variance
• Fixed overhead spending variance and production volume variance