Prepare variance analysis using the following information for direct labor used in production of a product produced by the ABC Co$.$ and answer the fill in

the blank questions. Do not use commas or $ signs!!

Standards:

Each unit produced requires $3$ hours of direct labor

Direct labor cost per hour is $$27.$

Actual results:

$5,500$ units produced

$15,980$ hours worked

Actual direct labor cost is $$463,420.$

Price variance in dollars?

Is the Price variance favorable or unfavorable? Enter $F$ for favorable or $U$ for unfavorable

Quantity variance in dollars?

Is the Quantity variance favorable or unfavorable? Enter $F$ for favorable or $U$ for unfavorable

What is the Total variance in dollars?

Is the Total variance favorable or unfavorable? Enter $F$ for favorable or $U$ for unfavorable