Pfeiffer Company produces a number of products, including a small American flag. The firm, which began operations at the beginning of the current year, uses a standard cost system. The standard costs for one American Flag are provided below: $ 0.50 Direct material (0.5 yd. @ $1.00 per yd.) Direct labor (1 hr. @ $10.00 per) Variable overhead ($1.00 per unit) 10.00 1.00 Fixed overhead ($0.50 per unit) Total Cost per unit _.50 $12.00 The $0.50 fixed overhead rate is based on a budgeted production volume of 34,000 units. There were no changes in any inventory account during the period. The company actually produced and sold 35,000 units at the following costs: Direct materials (18,000 yds.) Direct labor (36,000 hrs.) Variable factory overhead Fixed factory overhead $ 17,280 374,400 34,500 15,000 169 Required: 9.) Compute and label as Favorable (F) or Unfavorable (UF) the following flexible budget variances: (a) Total direct materials variance per flexible budget (b) Direct materials price variance Direct materials quantity variance (d) Total labor variance per flexible budget Direct labor rate variance (f) Direct labor efficiency variance b) Total variable overhead variance 170