Dollar Amount FAVORABLE OR UNFAVORABLE Compute the Direct Materials Variances the direct materials price| variance the direct materials quantity/efficiency variance Total Direct Material Variance Compute the Direct Labor Variances the direct labor rate/price variance the direct labor efficiency variance Total Direct Labor Variance Compute the Variable Manufacturing Overhead Variances Price variance Efficiency variance Compute the fixed manufacturing overhead variances Price variance Production volume variance Explain ONE thing that may have caused such a variance (think about the product) List AT LEAST one question you ask about the variance Who SPECIFICALLY would you ask?