Ice Box Gourmet, Inc., produces containers of frozen food. During April, The company produced 800 cases of food and incurred the following actual costs.

Variable overhead	$	7,200
Fixed overhead		15,700
Actual labor cost (5,500 direct-labor hours)		92,400
Actual material cost (21,000 pounds purchased and used)		48,300

Overhead is budgeted and applied using direct-labor hours. Standard cost and annual budget information are as follows:

Standard Costs per Case
Direct labor (6 hours at $16)	$	96.00
Direct material (25 pounds at $2.10)		52.50
Variable overhead (6 hours at $1.80)		10.80
Fixed overhead (6 hours at $3)		18.00
Total	$	177.30

Annual Budget Information
Variable overhead	$	108,000
Fixed overhead	$	180,000
Planned activity for year		60,000	direct-labor hours

1.

Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Do not round intermediate calculations. Round "Variable-overhead efficiency variance" to 2 decimal places.)

Direct-material price variance
Direct-material purchase price variance
Direct-material quantity variance
Direct-labor rate variance
Direct-labor efficiency variance
Variable-overhead spending variance
Variable-overhead efficiency variance
Fixed-overhead budget variance
Fixed-overhead volume variance