Lido Company\'s standard and actual costs per unit for the most recent period, during which  units were produced, are given below: 

 

Standard Actual

Materials:

Standard: metres. at $ per metre $

Actual: metres at $ per metre $

Direct labour:

Standard: hrs at $ per hr

Actual: hrs at $ per hr

Variable overhead:

Standard: hrs at $ per hr

Actual: hrs at $ per hr

Total unit cost $ $

All materials used were purchased during the period there were no opening or closing inventories.

Required:

From the foregoing information, compute the following variances. Show whether the variance is favourable F or unfavourable U:

a Material price variance

b Material quantity variance

c Direct labour rate variance

d Direct labour efficiency variance

e Variable overhead spending variance

f Variable overhead efficiency variance