Problem 16-64 (Algo) Manufacturing Variances (LO 16-5) Delta Products prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results Variances are analyzed and reported separately. There are no materials inventories The following information relates to the current period. obook Standard costs (per unit of output) Direct materials, 7 Ballons 54.00 per gallon Direct labor, 5.00 hours $37.00 per hour Factory overhead Variable 20 of direct labor cost) Total standard cost per unit 528 185 Here 37 $250 Actual costs and activities for the month follow Materials used Output Actual worcos Actual ve ortad 15,670 gallons at 51.91 per gallon 2,110 6,100 hours 41.10 per hour 567,750 Required: Prepare a cost ortance analysis for the variable costs (Enter your final answers as a whole number. Do not round Intermediate calculations. Indicate the effect of each variance by selecting "F* for favorable, or "U" for unfavorable. If there is no effect, do not select either option) Direct materials Price variance Efficiency variance Direct materials cost variance Direct labor Price variance Efficiency variance Direct labor cost vanance Variable overhead Price variance Efficiency vanance Variable overhead cost variance