Cole laboratories make and sell a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows: Standard Quantity/Hours Standard Price/Rate Standard Cost per Bag Direct Material ......................................................... 20 pounds 0.40 8.00 Direct Labor .............................................................. 0.1 hours 11.00 1.10 Variable overhead .................................................. 0.1 hours 4.00 0.40 The company had no beginning inventories of any kind on Jan. 1. Variable overhead is applied to production on the basis of standard direct labor-hours. During January, the following activity was recorded by the company: Production of Fastgro: 4,000 bags Direct materials purchased: 85,000 pounds at a cost of 32,300 Direct labor worked: 390 hours at a cost of 4,875 Variable overhead incurred: 1,475 Inventory of direct materials on Jan. 31: 3,000 pounds

The materials price variance amounts to ____________________. 27. The raw materials inventory at standards cost amounts to ____________________. 28. The materials usage variance amounts to ____________________ . 29. The materials flexible budget variance amounts to ____________________ . 30. The labor rate variance amounts to ____________________ . 31. The labor efficiency variance amounts to ____________________ . 32. The labor flexible budget variance amounts to ____________________ . 33. The variable manufacturing overhead rate variance amounts to ____________________ . 34. The variable manufacturing overhead efficiency variance amounts to ____________________ . 35. The variable manufacturing overhead flexible budget variance amounts to ____________________ .