Chillco Corporation produces containers of frozen food. During April, Chillco produced 760 cases of food and incurred the following actual costs. Variable overhead Fixed overhead Actual labor cost (5,000 direct-labor hours) Actual material cost (20,000 pounds purchased and used) $ 6,400 21,300 87,500 66,000 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows: $102.00 72.50 Standard Costs per Case Direct labor (6 hours at $17 per hour) Direct material (25 pounds at $2.90 per pound) Variable overhead (6 direct-labor hours at $1.60 per hour) Fixed overhead (6 direct-labor hours at $4 per hour) Total 9.60 24.00 $208.10 Annual Budget Information Variable overhead $ 96,000 Fixed overhead $240,000 Planned activity for year 60,000 direct-labor hours 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