Comprehensive Piedmont Manufacturing produces metal products with the following standard quantity and cost information: Direct Material Aluminum 4 sheets @ $4 $16 3 sheets @ $8 24 Direct labor 7 hours @ $16 Copper Variable overhead 5 machine hours @ $6 Fixed overhead 5 machine hours @ $4 112 30 20 Overhead rates were based on normal monthly capacity of 4,800 machine hours. During November, the company produced only 680 units because of a labor strike, which occurred during union contract negotiations. After the dispute was settled, the company scheduled overtime to try to meet regular production levels. The following costs were incurred in November: Material Aluminum 3,200 sheets purchased @ $3.80 Used 2,800 sheets Copper 2,400 sheets purchased @ $8.40 Used 2,080 sheets Direct Labor Regular time 4,160 hours @ $16 (pre-contract settlement) Regular time, 720 hours @ $17 (post-contract settlement) Variable Overhead $18,640 (based on 3,340 machine hours) Fixed Overhead $15,080 (based on 3,340 machine hours) 4 U LL F LL F LL a. Determine the following variances for November. Note: Do not use negative signs with your answers. a. Total material price variance $ 0 x b. Total material usage (quantity) variance $0 c. Labor rate variance $ 0 x d. Labor efficiency variance $0 U x U e. Variable overhead spending variance $0 f. Variable overhead efficiency variance $ 0 g. Fixed overhead spending variance $ 0 U x h. Volume variance $ 0 x U i. Budget variance $ 0 x F 4 4 4