Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the company's planning budget for the current year:

Denominator Activity (direct labor-hours)	10,000
Variable manufacturing overhead cost	$32,000
Fixed manufacturing overhead cost	$94,000

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

Inputs	(1) Standard quality or hours	(2) Standard price or rate	Standard cost (1) x (2)
Direct materials	4 yards	$2.00 per yard	$8.00
Direct labor	2 hours	$8.40 per hour	16.80
Manufacturing Overhead	2 hours	$12.60 per hour	25.20
Total standard cost per unit			$50.00

During the year, the company produced 5,200 units of product and incurred the following actual results:

Materials purchased, 33,000 yards at $1.95 per yard	$64,350
Materials used in production (in yards)	21,450
Direct labor cost incurred, 11,000 hours at $8.10 per hour	$89,100
Variable manufacturing overhead cost incurred	$33,500
Fixed manufacturing overhead cost incurred	$69,300

Required:

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

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

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