Cristol Company produces sheets. The master budget shows the following standards information and indicates the company expected to produce and sell 27,000 units for the year.
	Direct Materials	3 yards per unit at $3.10 per yard
	Direct Labor	2 hours per unit at $11 per hour
	Variable Manufacturing Overhead	2 direct labor hours per unit at $3.60 per hour
Bristol actually produced and sold 30,000 units for the year. During the year, the company purchased 120,000 yards of material for $349,000, and used 104,000 yards in production. A total of 49,000 labor hours were worked during the year at a cost of $547,000. Variable overhead costs totaled $211,000 for the year.
Required:
A. Calculate the materials price variance and the materials quantity variance. Clearly label each variance as either favorable or unfavorable immediately to the right of each variance.
B.Calculate the labor rate variance and the labor efficiency variance. Clearly label each variance as either favorable or unfavorable immediately to the right of each variance
C. Calculate the variable overhead spending variance and the variable overhead efficiency variance. Clearly label each variance as either favorable or unfavorable immediately to the right of each variance.
Your answers to this open-ended assignment should be placed in the space below this line.
A.	Materials Price Variance
	Actual quantity			Actual quantity
	Actual price			Standard price
	Total dollars			Total dollars
	Materials price variance
	Materials Quantity Variance
	Actual quantity			Standard quantity
	Standard price			Standard price
	Total dollars			Total dollars
	Materials quantity variance
B.	Labor Rate Variance
	Actual hours			Actual hours
	Actual rate			Standard rate
	Total dollars			Total dollars
	Labor rate variance
	Labor Efficiency Variance
	Actual hours			Standard hours
	Standard rate			Standard rate
	Total dollars			Total dollars
	Labor efficiency variance
C.	Variable Overhead Spending Variance
	Actual hours			Actual hours
	Actual rate			Standard rate
	Total dollars			Total dollars
	Variable overhead spending variance
	Variable Overhead Efficiency Variance
	Actual hours			Standard hours
	Standard rate			Standard rate
	Total dollars			Total dollars
	Variable overhead efficiency variance