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

Direct materials2 pound plastic at $6.11 per pound		$ 12.22
Direct labor0.50 hours at $12.00 per hour		6.00
Variable manufacturing overhead		3.75
Fixed manufacturing overhead		4.25
Total standard cost per unit		$26.22

The predetermined manufacturing overhead rate is $16 per direct labor hour ($8.00 0.50). It was computed from a master manufacturing overhead budget based on normal production of 2,600 direct labor hours (5,200 units) for the month. The master budget showed total variable costs of $19,500 ($7.50 per hour) and total fixed overhead costs of $22,100 ($8.50 per hour). Actual costs for October in producing 3,100 units were as follows.

Direct materials (6,360 pounds)		$ 40,704
Direct labor (1,440 hours)		17,842
Variable overhead		17,928
Fixed overhead		9,002
Total manufacturing costs		$85,476

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) Your answer is partially correct. Try again. Compute all of the materials and labor variances. (Round answers to o decimal places, e.g. 125.) Total materials variance 2822 Unfavorable Materials price variance 1844.4 Unfavorable si Materials quantity variance 977.6 Unfavorable Total labor variance 758 Favorable Labor price variance 562 Unfavorable Labor quantity variance 1320 Favorable SHOW SOLUTION SHOW