Chillco Corporation produces containers of frozen food. During April, Chillco produced 720 cases of food and incurred the following actual costs. Variable overhead Fixed overhead Actual labor cost (4,500 direct-labor hours) Actual material cost (15,000 pounds purchased and used) $ 5,600 21,000 69,750 34,500 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget Information are as follows: Standard Costs per Case Direct labor (6 hours at $15 per hour) Direct material (20 pounds at $2.10 per pound) Variable overhead (6 direct-labor hours at $1.60 per hour) Fixed overhead (6 direct-labor hours at $4 per hour) Total Annual Budget Information Variable overhead Fixed overhead $ 96,000 $240,000 Planned activity for year 60,000 direct-labor hours $ 90.00 42.00 9.60 24.00 $165.60 Required: Compute the following cost variances from the available data. (Indicate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (l.e., zero varlance). Do not round intermediate calculations.) Direct-material price variance Direct-material purchase price variance $ 42 Direct-material quantity variance Direct-labor rate variance Direct-labor efficiency variance Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance