Millie makes lasagna. Millie uses a standard costing system with the following standard variable costs:

Cost per lasagna

Direct Materials 4 pounds @ 3.00 per pound $12.00

Direct Labor 0.25 hours @ $12.00 per hour $3.00

Variable Manufacturing Overhead 0.25 hours @ $10.00 per hour $2.50

$17.50

Millie planned to produce 36,000 lasagnas in 2020 and her Fixed Manufacturing Overhead Budget was $90,000. Millies results for 2020 are:

Actual production: 34,000 lasagnas

Pounds of direct materials purchased and used: 129,000

Cost of direct materials $380,550

Actual direct labor hours used: 12,000

Direct labor cost $132,000

Variable Manufacturing Overhead Cost $120,000

Fixed Manufacturing Overhead Cost $91,000

Please calculate the following variances and indicate whether the variance is Favorable (using F) or Unfavorable (using U).

1. direct materials price variance:

2. direct materials quantity variance

3. direct labor rate variance

4. variable overhead efficiency variance

5. fixed overhead spending (or budget) variance

6. fixed overhead volume variance