Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Brown Corporations May operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours.

			Standard Units Costs			Total Actual Costs
Direct material
Standard (3 lb. at $2.00/lb.)			$6
Actual (6,400 lb. at $2.20/lb.)					$14,080
Direct labor
Standard (0.5 hr. at $14/hr.)			$7
Actual (950 hrs. at $13.70/hr.)					13,015
Variable overhead
Standard (0.5 hr. at $4/hr.)			$2
Actual			-		4,300
Total			$15		$31,395

Determine the following variances:

Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable.

Materials Variances
Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Materials price	$Answer	AnswerFU
Materials efficiency	$Answer	AnswerFU

Labor Variances
Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Labor rate	$Answer	AnswerFU
Labor efficiency	$Answer	AnswerFU

Variable Overhead Variances
Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Variable overhead spending	$Answer	AnswerFU
Variable overhead efficiency	$Answer	AnswerFU