Marshall Limited produces and sells one product. The following is a standard cost card for the product:

standard Cost Cardper unit of product:

Direct materials, 4.0 meters at $4.50 $18.00

Direct labour, 1.5 hours at $10.00 15.00

Variable overhead1.5 hours at $3.00 4.50

Fixed overhead, 1.5 hours at $7.00 10.50

Standard cost per unit $48.00

The company manufactured and sold 18,000 units of product during the year. A total of 70,200 meters of material was purchased during the year at a cost of $4.20 per meter. All this material was used to manufacture the 18,000 units. The company records showed no beginning or ending inventories for the year. The company worked 29,250 direct labour hours during the year at a cost of $9.85 per hour. Overhead cost is applied to products based on direct labour hours. The denominator activity level (direct labour-hours) was 22,500 hours. Budgeted fixed overhead costs as shown on the flexible budget were $158,500, while actual fixed overhead costs were $156,000. Actual variable overhead costs were $90,000. Required:

a. Compute the direct materials price and quantity variances for the year.

b. Compute the direct labour rate and efficiency variances for the year.

c. Compute the variable overhead spending and efficiency variances for the year.

d. Compute the fixed overhead budget and volume variances for the year.