Fulton Company produced $11,000$ book bags in June, and actual amounts were as follows:

View the actual amounts.

FultonCompany's standards were as follows:

View the standards.

Requirements

Compute cost and efficiency variances for direct materials, direct labor, and variable overhead.

Compute the cost and volume variances for fixed overhead.

Requirement $1.$ Compute cost and efficiency variances for direct materials, direct labor, and variable overhead. balances. For any $$0$ variances, leave the Favorable $($F$)/$Unfavorable $($U$)$ field blank.$)$

Standard Amounts

Actual Amounts

$\backslash$table$[[$Direct materials $($cloth$),2$ yard$($s$)$ per book bag @ $$1\mathrm{.}60$ per yard$],[$Direct labor,$0\mathrm{.}80$ direct labor hours per book bag @ $$5\mathrm{.}30$ per direct labor hour$],[$Variable overhead,$0\mathrm{.}80$ direct labor hours per book bag @ $$1\mathrm{.}70$ per direct labor hour$],[$Fixed overhead,$\backslash$table$[[$ direct labor hours per book bag @ $$6\mathrm{.}00$ per direct labor$],[$hour based on expected production of $12,000$ book bags$)]]]]$

$\backslash$table$[[$Direct materials $($cloth$),22,600$ yards @ $$1\mathrm{.}60$ per yard$],[$Direct labor,$3,000$ hours @ $$5\mathrm{.}00$ per hour$],[$Variable overhead,$$4,900$