Complete the grey boxes with the variance amounts and if the variance is favorable or unfavorable.
	Standard Costs/Quantities		Actual Costs/Quantities
Materials Cost	$2.00	per unit	$1.80	per unit
Material Quantity	585000	pounds	640000	pounds
Labor Cost	$13.00	per hour	$15.00	per hour
Labor Hours	21000	hours	18900	hours
Variable Overhead Rate	$9.75	per labor hours	$9.35	per labor hours
	Amount	Favorable/Unfavorable
Materials Price Variance
Materials Cost Variance
Labor Rate Variance
Labor Efficiency Variance
Variable Overhead Spending
Variable Overhead Efficiency