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Creger Corporation, which makes landing gears, has provided the following data for a recent month: Budgeted production 1,400 gears Standard machine-hours per gear 4.9 machine-hours

Creger Corporation, which makes landing gears, has provided the following data for a recent month:

Budgeted production 1,400 gears
Standard machine-hours per gear 4.9 machine-hours
Budgeted supplies cost $ 5.50 per machine-hour
Actual production 1,800 gears
Actual machine-hours 9,300 machine-hours
Actual supplies cost (total) $ 49,642

Required:

Determine the rate and efficiency variances for the variable overhead item supplies and indicate whether those variables are favorable or unfavorable.

(Input all amounts as positive values.)

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