Chillco Corporation produces containers of frozen food. During April, Chillco produced 740 cases of food and incurred the following actual costs. Variable overhead Fixed overhead Actual labor cost (3,000 direct-labor hours) Actual material cost (19,000 pounds purchased and used) $ 6,000 9,200 61,500 53,200 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows: $ 60.00 62.50 Standard Costs per Case Direct labor (3 hours at $20 per hour) Direct material (25 pounds at $2.50 per pound) Variable overhead (3 direct-labor hours at $2.10 per hour) Fixed overhead (3 direct-labor hours at $3 per hour) 6.30 9.00 Total $137.80 Annual Budget Information Variable overhead $ 63,000 Fixed overhead $ 90,000 Planned activity for year 30,000 direct-labor hours $ $ 5,700 Unfavorable 5,700 Unfavorable Unfavorable $ 1,500 Unfavorable Direct-material price variance Direct-material purchase price variance Direct-material quantity variance Direct-labor rate variance Direct-labor efficiency variance Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance | $ 300 Favorable