Milberg Co. uses absorption costing and standard costing to improve cost control.

In 2016, the total budgeted overhead rate was $1.55 per direct labour hour. When preparing the budget, Milberg expected a monthly activity level of 10,000 direct labour hours. The monthly variable overhead cost budgeted for this level of activity was $9,500.

The following data on actual results are provided for the month of November 2016.

calculate the following variances:

Material Price Variance

Materials Quantity Variance

Total Materials Variance

Labor Price Variance

Labor Quantity Variance

Total Labor Variance

Variable Overhead Spending Variance

Variable Overhead Efficiency Variance

Variable Overhead Total Variance

Fixed Overhead Spending Variance

Fixed Overhead Efficiency Variance

Fixed Overhead Total Variance

* please include all formulas and do not use excel

Materials purchased 20,000 units $36,000 Direct labour costs incurred Total of direct labour rate and efficiency variances S 500 F $ 4.80 Actual wage rate ($0.20 less than standard) $ 1,065 U Underapplied variable overhead costs $ 2,256 U Total underapplied fixed and variable overhead costs Materials price variance 200 F Materials efficiency variance 610 F Price of purchased materials 0.60 per unit Materials used 15,000 units