Cornucopia Inc. makes Zizzles using the followingstandard costsfor each Zizzle.

Materials10 yards$2 per yard

Labor6 hours$5 per hour

Variable OH (based on)$2.50 per hour

Fixed OH$4 per hour

These standards were based on an estimated normal capacity production level of 110 units though flexible budgets were produced for 90, 110 and 130 units.

During the current period, Cornucopia incurred the followingactual costsand amounts in making 100 Zizzles:

Materials purchased1200 yards$2.10 per yard

Materials Used1100 yards

Labor625 hours$4.75 per hour

Variable OH625 hours$1,875

Fixed OH625 hours$2,812

Find each of the following being sure to show your work to maximize credit.For each variance, indicate if the variance is Favorable or Unfavorable.

1. Standard Cost
2. Materials Price Variance
3. Materials Usage Variance
4. Total Materials Variance
5. Labor Rate Variance
6. Labor Efficiency Variance
7. Total Labor Variance
8. Variable Overhead Rate Variance
9. Variable Overhead Efficiency Variance
10. For theMaterials Price Variance and the Labor Efficiency Variance, explain, other than saying the number was positive or negative, how you knew the variance was either favorable or unfavorable