Concord Corporation manufactures a single product. The standard cost per unit of product is shown below.

Direct materials1 pound plastic at $6.00 per pound		$ 6.00
Direct labor1.6 hours at $12.00 per hour		19.20
Variable manufacturing overhead		12.00
Fixed manufacturing overhead		4.00
Total standard cost per unit		$41.20

The predetermined manufacturing overhead rate is $10 per direct labor hour ($16 1.6). It was computed from a master manufacturing overhead budget based on normal production of 8,960 direct labor hours (5,600 units) for the month. The master budget showed total variable costs of $67,200 ($7.50 per hour) and total fixed overhead costs of $22,400 ($2.50 per hour). Actual costs for October in producing 5,440 units were as follows.

Direct materials (5,680 pounds)		$ 40,896
Direct labor (8,320 hours)		104,832
Variable overhead		66,960
Fixed overhead		23,200
Total manufacturing costs		$235,888

The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances.

Total materials variance		$enter Total materials variance in dollars		select an option UnfavorableNeither favorable nor unfavorableFavorable
Materials price variance		$enter Materials price variance in dollars		select an option FavorableNeither favorable nor unfavorableUnfavorable
Materials quantity variance		$enter Materials quantity variance in dollars		select an option FavorableNeither favorable nor unfavorableUnfavorable
Total labor variance		$enter Total labor variance in dollars		select an option Neither favorable nor unfavorableUnfavorableFavorable
Labor price variance		$enter Labor price variance in dollars		select an option UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance		$enter Labor quantity variance in dollars		select an option UnfavorableNeither favorable nor unfavorableFavorable

(b) Compute the total overhead variance.

Total overhead variance

$enter total overhead variance in dollars