Examples to review (not all inclusive): 1. A company uses the following standard to produce a single unit of product: Variable OH$8 hours at $2 an hour) Actual data shows variable costs of $150,000 for 20,000 units produced. The total variable overhead variance is ($10,000F) 2. Page s51 Exercise 21-9 Direct materials variances \&P3 Refer to the information in @exretise 218 and compune the (1) direct materials price variance and (2) direct materials quantity variance. Indicate whether each variance is favorable or unfarorable. Exercise 21-10 Direct labor variances 9 P3 Refer to the information in (9) Fvreive 218 and compute the (1) direct labor rate variance and (2) direct labor efficiency variance. Indicate whether esch variance is favorable or unitworable