Problem 11-49 Complete Analysis of Cost Variances; Review of Chapters 10 and 11 (L0 11-5) Chillco Corporation produces containers of frozen food. During April, Chillco produced 805 cases of food and incurred the following actual costs. Variable overhead $ 7,300 Fixed overhead 22,900 Actual labor cost (6,000 direct-labor hours) 107,400 Actual material cost (25,000 pounds purchased and used) 60,000 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows: Standard Costs per Case Direct labor (6 hours at $17 per hour) $102.00 Direct material (30 pounds at $2.20 per 66.00 pound) Variable overhead (6 direct-labor hours at 9.60 $1.60 per hour) Fixed overhead (6 direct-labor hours at $4 24 00 per hour) ' Total $201.60 Annual Budget Information Variable overhead $ 96,000 Fixed overhead $240,000 Planned activity for year 60,000direct-labor hours Required: Compute the following cost variances from the available data. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Do not round intermediate calculations.) Direct-material price variance Unfavorable Direct-material purchase price variance Unfavorable Direct-material quantity variance Unfavorable Direct-labor rate variance Unfavorable Direct-labor efficiency variance Unfavorable Variable-overhead spending variance Favorable Variable-overhead efficiency variance Unfavorable Fixed-overhead budget variance Unfavorable