Problem 16-79 (Algo) Production Cost Variance Analysis (LO 16-5, 6) Harlow Parts produces a single product at its Superior Plant. The master budget for July follows: Harlow Parts Superior Plant Master Budget (For July) Quantity Revenue Variable manufacturing cost Variable Selling, General and Administrative cost Contribution margin Fixed manufacturing cost Fixed Selling, General and Administrative cost Operating profit 9,800 $ 1,610,000 926,100 99,600 $ 584,300 235, 200 162,000 $ 187,100 The following operating income statement shows the actual results for July:

The actual resource usage for July per unit of output follows: Required: Prepare a manufocturing cost variance analysis for the Superior Plant for July: Note: Do not round intermediate calculations and Round your answers to the nearest whole dollar amount. 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. The following operating income statement shows the actual results for July: Variable overhead is applied on the basis of machine-hours. The standard cost sheet follows: The actual resource usage for July per unit of output follows: \begin{tabular}{|l|} \hline Direct materials: \\ \hline Price variance \\ \hline Efficiency variance \\ \hline Direct materials total variance \\ \hline Direct labor: \\ \hline Price variance \\ \hline Efficiency variance \\ \hline Direct labor total variance \\ \hline Variable overhead: \\ \hline Price variance \\ \hline Efficiency variance \\ \hline Variable overhead total variance \\ \hline Fixed overhead: \\ \hline Price variance \\ \hline Production volume variance \\ \hline Fixed overhead total variance \\ \hline \end{tabular} Problem 16-79 (Algo) Production Cost Variance Analysis (LO 16-5, 6) Harlow Parts produces a single product at its Superior Plant. The master budget for July follows. The following operating income statement shows the actual results for July