Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:

Standard Cost Card
	Standard Quantity or Hours	Standard Rate or Price	Standard Cost
Direct Materials (yds)	2.8	$ 6.00	$ 16.80
Direct Labor(hours)	1.4	$ 15.00	$ 21.00
Variable MOH(/DL hrs.)	1.4	$ 3.00	$ 4.20
Total standard cost per unit			$ 42.00

During March, 1,000 backpacks were manufactured and sold. 3,000 yards of material (all direct) was purchased at a cost of $5.50/yard and 2,900 yards were used in production. They incurred $23,250 in Direct Labor costs and $3,600 in variable MOH costs from 1,500 direct labor hours.

Required: Input section properly labeled and linked to the solution. Using the:

AQ x AC AQ x SP SQ x SP calculate the following and indicate whether the variance is favorable or unfavorable:

Material Price variance

Material Quantity variance

Labor Rate variance

Labor Efficiency variance

VMOH Spending variance

VMOH Efficiency variance

Show the percent change the variance represents.