Meredith Furman is reviewing the quarterly performance report shown below that she just received from her accountant, Josh Moore.

	Actual	Static Budget	Variance
Sales volume	80,000	82,000	(2,000)	U
Sales revenue	$1,196,800	$1,230,000	$(33,200)	U
Direct materials	324,690	328,000	(3,310)	F
Direct labor	359,560	369,000	(9,440)	F
Variable MOH	95,200	94,300	900	U
Fixed MOH	130,000	134,460	(4,460)	F
Cost of goods sold	909,450	925,760	(16,310)	F
Gross margin	287,350	304,240	(16,890)	U
Sales salaries expense	130,000	136,500	(6,500)	F
Bad debt expense	23,936	24,600	(664)	F
Advertising expense	3,000	3,000
Management salaries expense	30,000	30,000
Depreciation expense	30,000	30,000
Miscellaneous expense	1,300	1,500	(200)	F
Total selling & administrative expenses	218,236	225,600	(7,364)	F
Operating income	$ 69,114	$ 78,640	$ (9,526)	U

She is a bit confused how most of the expenses are showing a favorable variance for the quarter. After some new employees burned several of batches of caramel popcorn during their training, she had expected the direct materials variance to be unfavorable. And given that these new employees were slow in picking up their processing speeds she had expected the direct labor variance to be unfavorable as well. To make things even more confusing, she doesnt understand how all the favorable expense variables led to the unfavorable operating income variance. She has asked Josh to help her better understand the report and the companys performance.

After doing additional investigation, Josh uncovered the data below for the quarter that he believes will help him develop more useful information to share with Meredith. The standard cost card for a bag of caramel corn is as follows:

	Standard Quantity	Standard Price	Product Cost
Direct materials	10 ounces	$ 0.40	$ 4.00
Direct labor	0.25 DLH	$18.00	4.50
Variable overhead	0.25 DLH	$ 4.60	1.15
Fixed overhead	0.25 DLH	$ 5.40	1.35
Total cost			$11.00

The company purchased 830,000 ounces of popcorn during the month at a total cost of $327,850. It used 822,000 ounces in producing the 80,000 bags of caramel corn.

Given the low raw materials inventory the company maintains to ensure product freshness, the company had to make a rush order of popcorn from a new vendor after new workers burned several batches of caramel corn while completing their training and first several days on the job. The new vendor, who was anxious to get Paladin Popcorns future business, offered a substantial discount for this first order.

The company worked 20,200 direct labor hours and had a total quarterly direct labor payroll of $359,560.

The company spent $130,000 on fixed overhead costs during the quarter.

ROUND YOUR ANSWERS TO WHOLE DOLLARS. DO NOT INCLUDE A $ WITH YOUR ANSWER. DO NOT INCLUDE ANY INDICATION OF A NEGATIVE NUMBER IN YOUR ANSWER (F/U WILL ACCOMPLISH THAT).

Calculate the direct materials price variance.

Please help!

Calculate the direct materials price variance. $ For U Calculate the direct materials quantity variance. $ For U Calculate the direct labor rate variance. $ For U Calculate the direct labor efficiency variance. $ For U