Fordham Corporation produces a single product. Monthly budgeted production is 4,200 units and the standard costs for one unit of its Concourse product are as follows: Direct materials (6 pounds at $0.50 per pound) Direct labor (2 hours at $10 per hour) Variable manufacturing overhead (2 hours at $5 per hour) Fixed manufacturing overhead (2 hours at $4 per hour) Total $ 3 20 10 8 41 During November, 4,000 units of Concourse were produced. The costs associated with November operations were as follows: Material purchased (36,000 pounds at $0.60 per pound) $21,600 Material used in production (28,000 pounds) Direct labor (8,200 hours at $9.75 per hour) 79,950 Variable manufacturing overhead incurred 41,820 Fixed manufacturing overhead incurred 35,000 Required: Calculate material price and quantity variances; labor rate and efficiency variances; variable overhead spending and efficiency variances, fixed overhead budget and volume variances