Cajun Corporation manufactures a labor-intensive product.The cost standards developed by Cajun appear below. Manufacturing overhead at Cajun is applied to production on the basis of standard direct labor-hours:

	Standard Quantity per unit	Standard cost per ounce or hour	Standard cost per unit
Direct materials	0.75 ounces	$20.00	$15.00
Direct labor	1.2 hours	$12.00	14.40
Variable overhead	1.2 hours	$3.00	3.60
Fixed overhead	1.2 hours	$5.00	6.00
Total standard cost per unit			$39.00

The standard above were based on an epected annual volume of 8,000 units. The actual results for last year were as follows:

Number of unit produced ............................................. 8,200

Direct labor-hours incurred..........................................10,000

Ounces of direct materials purchased...........................7,900

Ounces of direct materials used in production..............6,070

Total cost of direct materials purchased..................$156,815

Total direct labor cost...............................................$122,800

Total variable overhead cost....................................$28,600

Total fixed manufacturing overhead cost.................$47,500

Required:

Compute the following variances for Cajun.

a) Materials price variance

b) Materials quantity variance

c) Labor rate variance

d) Variable overhead rate variance

e) Variable overhead efficiency variance

f) Fixed overhead budget variance