I need some help with an explanation for each of the four variances that provide a cohesive scenario.

Thanks

Meredith Furman is reviewing results from the most recent quarter. She knows that some new employees burned several of batches of caramel popcorn during their training, and these new employees were slow in picking up their processing speeds.

After doing additional investigation, her accountant Josh uncovered the data below for the quarter that he believes will help him develop more useful information to share with Meredith.The standard cost card for a bag of caramel corn is as follows:

	Standard Quantity	Standard Price	Product Cost
Direct materials	10 ounces	$ 0.40	$ 4.00
Direct labor	0.25 DLH	$18.00	4.50
Variable overhead	0.25 DLH	$ 4.60	1.15
Fixed overhead	0.25 DLH	$ 5.40	1.35
Total cost			$11.00

The company purchased 830,000 ounces of popcorn during the month at a total cost of $327,850. It used 822,000 ounces in producing the 80,000 bags of caramel corn.

Given the low raw materials inventory the company maintains to ensure product freshness, the company had to make a rush order of popcorn from a new vendor after new workers burned several batches of caramel corn while completing their training and first several days on the job. The new vendor, who was anxious to get Paladin Popcorn's future business, offered a substantial discount for this first order.

The company worked 20,200 direct labor hours and had a total quarterly direct labor payroll of $359,560.

The company spent $130,000 on fixed overhead costs during the quarter.

The company reported the following variances for the quarter:

Direct materials price variance: $4,150 F Direct materials quantity variance: $8,800 U Direct labor rate variance: $4,040 F Direct labor efficiency variance: $3,600 U

Provide an explanation for each of the four variances above that provide a cohesive scenario.