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, 6 gallons @ $2.00 per gallon	$	12
Direct labor, 3.00 hours @ $37.00 per hour		120
Factory overhead
Variable (20% of direct labor cost)		24
Total standard cost per unit	$	156

Actual costs and activities for the month follow:

Materials used

15,320

gallons at $1.84 per gallon

Output

2,200

units

Actual labor costs

6,800

hours at $40.40 per hour

Actual variable overhead

$

53,670

Required:

Prepare a cost variance analysis for the variable costs.

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