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

Direct materials1 pound plastic at $7.00 per pound		$ 7.00
Direct labor1.50 hours at $11.10 per hour		16.65
Variable manufacturing overhead		9.00
Fixed manufacturing overhead		9.00
Total standard cost per unit		$41.65

The predetermined manufacturing overhead rate is $12 per direct labor hour ($18.00 1.50). It was computed from a master manufacturing overhead budget based on normal production of 9,000 direct labor hours (6,000 units) for the month. The master budget showed total variable costs of $54,000 ($6.00 per hour) and total fixed overhead costs of $54,000 ($6.00 per hour). Actual costs for October in producing 3,500 units were as follows.

Direct materials (3,660 pounds)		$ 25,986
Direct labor (5,140 hours)		59,110
Variable overhead		44,098
Fixed overhead		21,202
Total manufacturing costs		$150,396

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 a dollar amount		select an option UnfavorableFavorableNeither favorable nor unfavorable
Materials price variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable
Materials quantity variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable
Total labor variance		$enter a dollar amount		select an option Neither favorable nor unfavorableUnfavorableFavorable
Labor price variance		$enter a dollar amount		select an option FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable

(b) Compute the total overhead variance.

Total overhead variance

$enter the total overhead variance in dollars

select an option FavorableNeither favorable nor unfavorableUnfavorable