Based on the following information below:

1. Calculate the direct materials price and quantity variance. Please note that the materials price variance is based on actual material purchased and the quantity variance is based on material used.

2. Calculate the direct labor rate and efficiency variances.

3. Calculate the variable overhead spending and efficiency variances.

4. Calculate the fixed overhead budget variance.

Gourmet, Inc. prDduces containers of frozen food Duing October the company had the following actual production and costs Actual Containers produced in October T20 $5,700 $13,000 $80,000 Which is $28,000 Which is Variable Overhead Fixed Overhead 3,900 Direct labor hours 15,000 pounds 14,600 pounds Direct Labor cost Actual material purchased Actual Material pounds used Overhead is budgeted and applied using direct-kabor hours. Standard cost and annual budget infornation are as follows Standard cost per container $19.75 $200 $99 $40 Direct Labor 5 hours at 20 pounds Direct Material at Direct abor $1.50 $7.50 Variable overhead 5 hours at Direct abor $300 $15 $161.25 Fixed Overhead 5 hours at Total Budgeted Monthly Fixed Overhead $12,500