Manatee Corp. has developed standard costs based on a predicted operating level of 352,000 units of production, which is 80% of capacity. Variable overhead is $281,600 at this level of activity, or $0.80 per unit. Fixed overhead is $440,000. The standard costs per unit are: Direct materials (0.5 lbs. @ $1/lb.)......... $0.50 per unit Direct labor (1 hour @ $6/hour). Overhead (1 hour @ $2.05/hour). $6.00 per unit $2.05 per unit Manatee actually produced 330,000 units at 75% of capacity and actual costs for the period were: Direct materials (162,000 lbs.).. Direct labor (329,500 hours).. Fixed overhead.. Variable overhead. $170,100 $2,042,900 $ 438,000 $ 262,000 Calculate the following variances and indicate whether each variance is favorable or unfavorable: (1) Direct labor efficiency variance: $ (2) Direct materials price variance: $ (3) Controllable overhead variance: EXTRA CREDIT $