COB Candy Products Corporation manufactures gourmet candies. The cost standards developed by COB appear below. Manufacturing overhead at COB is applied to production on the basis of standard direct labor hours:

	Standard quantity per unit of product	Standard cost per kilogram or hour	Standard cost per unit of product
Direct materials	0.75 kilogram	350.00	262.50
Direct labor	1.4 hours	65.00	78.00
Variable overhead	1.4 hours	16.25	19.50

The standards were based on an expected annual volume of 75,000 products.

The actual results for last year were as follows:

Number of candy products produced	31,500
Kilograms of direct materials purchased	23,600
Kilograms of direct materials used in production	23,575
Direct labor-hours incurred	44,000
Direct labor cost per hour	65.25
Variable overhead cost per hour	16.00
Total cost of direct materials purchased	8,272,750

1. The materials spending variance amounts to ____________________.

2. The labor rate variance amounts to ____________________.

3. The labor spending amounts to ____________________.

Indicate in your solution sheet whether it is FAVORABLE or UNFAVORABLE

For uniformity of answers, if the variance is FAVORABLE encode a minus sign before the numerical answer. Do not place spaces.