Medex Pharmaceutical developed the following standard costs for its product in 2014:

Cost	Standard Cost Card	Unit Standard Cost
Direct Materials	1.2 pounds @ $2/pound	$2.40
Direct Labor	0.25 hour @ $12/hour	$3.00
Mfg Overhead - Variable	0.4 hours @ $3/hour	$1.20
Mfg Overhead - Fixed	0.5 hours @ $4/hour	$2.00
		$8.60

The company planned to work 2,725 direct labor hours and planned to produce 10,900 units of product in 2014. Actual results for 2014 are as follows:

- 11,000 units of product were produced.

- Actual direct materials purchased and used during the year amounted to 13,750 pounds at a cost of $28,875.

- Actual direct labor costs were $33,320 for 2,800 direct labor hours worked.

- Total actual manufacturing overhead incurred amounted to $35,740.

Calculate the following variances showing all computations supporting your answers. Indicate if the variances are favorable (F) or unfavorable (U).

- Direct materials price variance=? Is it favorable or unfavorable?

- Direct materials quantity variance=? Is it favorable or unfavorable?

- Direct labor price variance=? Is it favorable or unfavorable?

- Direct labor quantity variance=? Is it favorable or unfavorable?

- Total overhead variance=? Is it favorable or unfavorable?

Enter amounts in whole numbers with F or U for the variance type.