Find Direct Materials Quantity Variance, Direct Labor Rate Variance, Direct Labor Efficiency Variance, Variable Overhead Rate Variance and Variable Overhead Efficiency Variance

The standard cost for a unit is: Direct materials: 5 lbs x $10 Direct Labor: 2 hours x $15 Variable Overhead 2 hours x $8 = $50 $30 $16 = Actual results: 2,100 units produced. 10,000 lbs. of material were purchased for $98,000, and used in production. 4,280 labor hours used at a cost of $62,060. Actual variable overhead was $35,524