Outdoor Products, Inc., produces extreme-weather sleeping bags. For direct materials, the standard price for 1 yard of material is $5 per yard. A standard quantity of 8 yards of material is expected to be used for each sleeping bag produced. During September, Outdoor Products, Inc., purchased 45,000 yards of material for $238, 500 and used 39,000 yards to produce 5, 100 sleeping bags. For direct labor, Outdoor Products, Inc., established a standard number of direct labor hours at three hours per sleeping bag. The standard rate is $16 per hour. A total of 14, 700 direct labor hours were worked during September, at a cost of $238, 140, to produce 5, 100 sleeping bags. Calculate the materials price variance and materials quantity variance. Clearly label each variance as favorable or unfavorable. Calculate the labor rate variance and labor efficiency variance. Clearly label each variance as favorable or unfavorable. Variable Overhead Variances. The company applies variable manufacturing overhead at a standard rate of $2 per direct labor hour. The standard quantity of direct labor is three hours per unit. Variable overhead costs totaled $32,000 for the month of September. A total of 14, 700 direct labor hours were worked during September to produce 5, 100 sleeping bags. Calculate the variable overhead spending variance and variable overhead efficiency variance. Clearly label each variance as favorable or unfavorable. Fixed Overhead Variance Analysis. The company applies fixed manufacturing overhead costs to products based on direct labor hours. Information for the month of September appears as follows. Outdoor Products expected to produce and sell 5,000 units for the month. Calculate the fixed overhead spending variance and production volume variance. Clearly label each variance as favorable or unfavorable