Chillico Corporation produces containers of frozen food. During April, Chillico produced 800 cases of food and incurred the following actual costs. Variable overhead Fixed overhead Actual labor cost (5,500 direct-labor hours) Actual material cost (21,000 pounds purchased and used) $7,200 15,700 92,400 48,300 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 $16 per hour) Direct material (25 pounds at $2.10 per pound) Variable overhead (6 direct-labor hours at $1.80 per hour) Fixed overhead (6 direct-labor hours at $3 per hour) Total $96.00 52.50 10.80 18.00 $177.30 Annual Budget Information Variable overhead i Fixed overhead. Planned activity for year $108,000 $180,000 60,000 direct-labor hours Required: Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (le., zero variance). Do not round intermediate calculations.) Answer is not complete. Direct-material price variance $ (4,200) Unfavorable Direct-material purchase price variance $ (4,200) Unfavorable Direct-material quantity variance $ (2,100) Unfavorable O Direct-labor rate variance $ (4,400) Unfavorable Direct-labor efficiency variance $ (11,200) Unfavorable Variable-overhead spending variance S 2,750 Favorable Variable-overhead efficiency variance $ (1,260.00) Unfavorable O Fixed-overhead budget variance Faxed-overhead volume variance Unfavorable. O (5,700) O