Headsmart manufactures headphone cases. During September 2015, the company produced 106,000 cases and recorded the following cost data:

Standard Cost Information

Quantity Price

Direct materials 2 parts $0.17 per unit

Direct labor 0.02 hours $9.00 per hour

Variable manufacturing overhead 0.02 hours $10.00 per hour

Fixed manufacturing overhead ($32,640 for static budget volume of 96,000 units and 1,920 hours, or $17 per hour)

Actual information

Direct materials, purchased (230,000 units) and used (215,000 parts @ $0.22 per part = $47,300)

Direct labor (1,720 hours @ $9.10 per hour = $15,652)

Manufacturing overhead $60,500 (38% is variable)

Required:

Compute the eight variances that were discussed in class.

Comment on the results.