BOMBAY Company's standard and actual

BOMBAY Companys standard and actual costs per unit for the most recent period. during which 400 units were actually produced, are given below: aterials: andard: 2 metres at $1.50 per m. ctual: 2.1 metres at $1.60 per m. irect labour: ndard: 1.5 hrs. at $6.00 per hr. tual: 1.4 hrs. at $6.50 per hr. riable overhead: andard: 1.5 hrs. at $3.40 per hr. ctual: 1.4 hrs. at $3.10 per hr. otal unit cost There were no inventory of materials at the beginning or end Of the period. Required: From the above information, compute the following variances. Show whether the variance is favorable (F) or unfavorable (U): a) Materials price variance b) Materials quantity variance c) Direct labor rate variance d) Direct labor efficiency variance e) Variable overhead spending variance f) Variable overhead efficiency variance Stand $3.0 9.0 5.1 Actua $3.3 9.1