Compute all material and labor variances

Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials -1 pound plastic at $6.00 per Direct labor -2.0 hours at $12.20 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.002.0). It was computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $75,000 (\$7.50 per hour) and total fixed overhead costs of $65,000 ( $6.50 per hour). Actual costs for October in producing 3,400 units were as follows. The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.002.0). It was computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours ( 5,000 units) for the month. The master budget showed total variable costs of $75,000 ( $7.50 per hour) and total fixed overhead costs of $65,000 ( $6.50 per hour). Actual costs for October in producing 3,400 units were as follows. Compute all of the materials and labor variances. Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ (b) Compute the total overhead variance. Direct materials -1 pound plastic at $6.00 per pound $6.00 Direct labor -2.0 hours at $12.20 per hour 24.40 Variable manufacturing overhead 15.00 Fixed manufacturing overhead Total standard cost per unit $58.4013.00