Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the companys budget for the current year:

Denominator activity (direct labor-hours)		12,600
Variable manufacturing overhead cost at 12,600 direct labor-hours	$	55,440
Fixed manufacturing overhead cost	$	151,200

The standard cost card for the companys only product is given below:

Direct materials, 2 pounds at $3.20 per pound	$	6.40
Direct labor, 2 direct labor-hours at $10.00 per direct labor-hour		20.00
Overhead, 164% of direct labor cost		32.80
Standard cost per unit	$	59.20

During the year, the company produced 5,100 units of product and incurred the following costs:

Materials purchased, 28,000 pounds at $2.70 per pound	$	75,600
Materials used in production (in pounds)		24,000
Direct labor cost incurred, 13,000 direct labor-hours at $8.4 per direct labor-hour	$	109,200
Variable manufacturing overhead cost incurred	$	36,000
Fixed manufacturing overhead cost incurred	$	34,000

Required: 1. Redo the standard cost card in a clearer, more usable format by detailing the variable and fixed overhead cost elements. (Round your intermediate calculations and final answers to 2 decimal places.) Cost per unit pounds at $ DLHs at$ per pound Direct materials, Direct labor Variable manufacturing overhead Fixed manufacturing overhead, per DLH DLHs at $ per DLH per DLH Standard cost per unit 2. Prepare an analysis of the variances for materials and labor for the year. (Input all amounts as positive values. Leave no cells blank - be certain to enter "o" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).) Materials variances: Quantity variance (Click to select) Price Variance (Click to select) Labor variances: Efficiency variance (Click to select) Rate variance (Click to select) 3. Prepare an analysis of the variances for variable and fixed overhead for the year. (Input all amounts as positive values. Leave no cells blank - be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance.).) Variable overhead variances: Efficiency variance (Click to select) Rate variance (Click to select) Fixed manufacturing overhead variances: Volume variance (Click to select) Budget variance (Click to select)