Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below:

	Flexible Budget	Actual
Sales (4,000 pools)	$ 180,000	$ 180,000
Variable expenses:
Variable cost of goods sold*	37,720	49,210
Variable selling expenses	15,000	15,000
Total variable expenses	52,720	64,210
Contribution margin	127,280	115,790
Fixed expenses:
Manufacturing overhead	51,000	51,000
Selling and administrative	66,000	66,000
Total fixed expenses	117,000	117,000
Net operating income (loss)	$ 10,280	$ (1,210)

*Contains direct materials, direct labor, and variable manufacturing overhead.

Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to get things under control. Upon reviewing the plants income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool:

	Standard Quantity or Hours		Standard Price or Rate		Standard Cost
Direct materials	3.1	pounds	$ 2.10	per pound	$ 6.51
Direct labor	0.4	hours	$ 6.10	per hour	2.44
Variable manufacturing overhead	0.3	hours*	$ 1.60	per hour	0.48
Total standard cost per unit					$ 9.43

*Based on machine-hours.

During June, the plant produced 4,000 pools and incurred the following costs:

Purchased 17,400 pounds of materials at a cost of $2.55 per pound.

Used 12,200 pounds of materials in production. (Finished goods and work in process inventories are insignificant and can be ignored.)

Worked 2,200 direct labor-hours at a cost of $5.80 per hour.

Incurred variable manufacturing overhead cost totaling $3,000 for the month. A total of 1,500 machine-hours was recorded.

It is the companys policy to close all variances to cost of goods sold on a monthly basis.

Required:

1. Compute the following variances for June:

a. Materials price and quantity variances.

b. Labor rate and efficiency variances.

c. Variable overhead rate and efficiency variances.

PLEASE HELP WITH 1A, answer and formula.

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1a. Compute the following varlances for June, materials price and quantity variances. 1b. Compute the following variances for June, labor rate and efficiency variances. 1c. Compute the following varlances for June, varlable overhead rate and efficiency varlances. (Do not round your intermedlate calculations. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.)