Problem 4. Munchies produces treats for dogs sold in 24 pack cases. Its cost driver for overhead is the number of cases of product. The following information was provided concerning Munchies cost system:

Actual Data		Standard and Budgeted Data
Produced	8,940 cases		Budgeted units	8,800 cases
Materials purchased	4,650 lbs. for a total of $25,575		Budgeted materials	0.53 lb. @ $5.40 per lb.
Materials used	4,770 lbs.		Budgeted labor	0.45 hours @ $13.00 per hour
Labor worked	4,010 hrs. costing $52,531		Budgeted variable overhead	$22,000
Total fixed overhead	$31,400		Budgeted fixed overhead	$3.60 per case
Total variable overhead	$22,400

In good form, prepare separate variance analyses for direct materials, for direct labor, and for overhead, Within each variance matrix, provide the following for each variance:

(1) the respective unabbreviated variance name

(2) the amount of each variance

(3) a designation of favorable (F) or unfavorable (U) for each variance