Flandro Company uses a standard cost system and sets its predetermined overhead rate based on direct labor$-$hours. The following

data are taken from the company's planning budget for the current year:

The standard cost card for the company's only product is given below:

During the year, the company produced $4,680$ units and incurred the following actual results:

Materials purchased, $29,700$ yards at $$2\mathrm{.}00$ per yard

Materials used in production $($in yards$)$

Direct labor cost incurred, $10,000$ hours at $$8\mathrm{.}15$ per hour

Variable manufacturing overhead cost incurred

Fixed manufacturing overhead cost incurred

$$59,400$

$19,300$

$$81,500$

$$31,000$

$$63,500$

Required:

Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing

overhead per unit.

Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances.

Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances.