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 companys planning budget for the current year:

Denominator activity (direct labor-hours)	18,000
Variable manufacturing overhead cost	$ 60,300
Fixed manufacturing overhead cost	$ 144,900

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

Inputs	(1) Standard Quantity or Hours		(2) Standard Price or Rate		Standard Cost (1) (2)
Direct materials	4	yards	$ 2.15	per yard	$ 8.60
Direct labor	2	hours	$ 9.50	per hour	19.00
Manufacturing overhead	2	hours	$ 11.40	per hour	22.80
Total standard cost per unit					$ 50.40

During the year, the company produced 9,360 units of product and incurred the following actual results:

Materials purchased, 59,400 yards at $2.05 per yard	$ 121,770
Materials used in production (in yards)	38,610
Direct labor cost incurred, 19,000 hours at $8.15 per hour	$ 154,850
Variable manufacturing overhead cost incurred	$ 59,650
Fixed manufacturing overhead cost incurred	$ 122,550

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 overhead budget and volume variances.