Delta Products prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results. Variances are analyzed and reported separately. There are no materials inventories. The following information relates to the current period: Standard costs (per unit of output) Direct materials, 7 gallons @ $4.00 per gallon $ 28 Direct labor, 5.00 hours @ $39.00 per hour 195 Factory overhead Variable (20% of direct labor cost) 39 Total standard cost per unit $ 262 Actual costs and activities for the month follow: Materials used 16,070 gallons at $1.99 per gallon Output 2,050 units Actual labor costs 5,800 hours at $41.90 per hour Actual variable overhead $ 49,340

Required: Prepare a cost variance analysis for the variable costs.

Direct materials:
Price variance
Efficiency variance
Direct materials cost variance
Direct labor:
Price variance
Efficiency variance
Direct labor cost variance
Variable overhead:
Price variance
Efficiency variance
Variable overhead cost variance