Hite Company has developed the following standard costs for its product for 2009: HITE COMPANY Standard Cost Card Product A Cost Element Standard Quality x Standard Price = Standard Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 4 12 $48 The company expected to produce 25,000 units of Product A in 2009 and work 75,000 direct labor hours. Actual results for 2009 are as follows: 26,000 units of Product A were produced. Actual direct labor costs were $630,800 for 76,000 direct labor hours worked. Actual direct materials purchased and used during the year cost $283,500 for 105,000 pounds. Actual variable overhead incurred was $130,000 and actual fixed overhead incurred was $170,000. Instructions: Compute the following variances showing all computations to support your answers. Clearly indicate whether the variances are favorable or unfavorable.

Show your work: Materials quantity variance. Total direct labor variance. Direct labor quantity variance. Direct materials price variance. Total overhead variance.