High End Crockery Corp set the following standards for their pottery bowls:

	Std Qty or Hrs		Std Rate or Price
Direct materials	5.5	lbs per bowl	$6.50	per lb
Direct labor	.4	hrs per bowl	$22.50	per hour
Variable Overhead	.4	hrs per bowl	$2.50	per hour

The actual results ae as follows:

Actual output	8,250	units
Raw materials purchased	45,900	lbs
Raw materials used in production	44,750	lbs
Actual price raw materials	$6.25	per lb
Actual direct labor hours	3,200	hours
Actual direct labor rate	$22.75	per hour
Actual variable overhead rate	$2.00	per hour What is the materials price variance? Is the materials price variance favorable or unfavorable? Indicate F or U as your answer What is the materials quantity variance? Is the materials quantity variance favorable or unfavorable? Indicate F or U as your answer What is the labor rate variance? Is the labor rate variance favorable or unfavorable? Indicate F or U as your answer What is the labor efficiency variance? Is the labor efficiency variance favorable or unfavorable? Indicate F or U as your answer What is the variable overhead rate variance? Is the variable overhead rate favorable or unfavorable? Indicate F or U as your answer What is the variable overhead efficiency variance? Is the variable overhead efficiency variance favorable or unfavorable? Indicate F or U as your answer