Milton Company planned to produce 23,000 units of its only product during the year. Milton established the following standard cost data for this product prior to the beginning of the year:

	Per Unit
Direct materials ( 3 lbs. @ $6.50 per lb.)	$19.50
Direct labor ( 2 hrs. @ 22.80 per hr.)	45.60
Variable overhead ( 2 hrs. @ 7.80 per hr.)	15.60
Total standard cost per unit	$80.70
Total budgeted fixed overhead	$420,000

Assume that Milton (1) actually produced 24,000 units, (2) used 75,000 pounds of direct materials in production, (3) and incurred the following actual total costs:

	Total Cost
Direct materials purchased ( 77,000 lbs. @ $6.20 per lb.)	$477,400
Direct labor ( 47,000 hrs. @ 23.50 per hr.)	$1,104,500
Variable overhead	$367,248
Fixed overhead	$560,000
Total actual costs	$2,509,148

Calculate the following variances. Enter all amounts as positive numbers, rounded to the nearest dollar, and identify the variances as favorable or unfavorable:

	Amount	Type
Materials price variance		FavorableUnfavorable
Materials efficiency variance		FavorableUnfavorable
Labor rate variance		FavorableUnfavorable
Labor efficiency variance		FavorableUnfavorable
Variable overhead spending variance		FavorableUnfavorable
Variable overhead efficiency variance		FavorableUnfavorable