Ralston Inc. has provided the following information. Use it to answer #1-8. Give all variances as a positive number. Round ONLY your final answer to dollars. Also,

Denote whether each variance above was favorable or unfavorable.

Standards:

Direct materials: 10 lb @ $2.60/lb 26.00 per unit

Direct labor: 2 hours @ $22.50/hour 45.00 per unit

Variable overhead: 2 hours @ $18.00/hour 36.00 per unit

Fixed overhead 25.00 per unit

total: 132.00 per unit

Budgeted production = 7,000 units

Actual results

Materials purchased: 74,950 lbs $192,200

Materials used: 74,600 lbs

Direct labor: 15,530 actual hours $339,500

Variable overhead: $286,600

Fixed overhead: $171,400

Units produced: 7,400 units

A. Calculate variable overhead rate variance. Round ONLY your final answer.

B. Compute the variable efficiency variance.

C.Calculate the Fixed Overhead Budget Variance. Note: information provided states FOH budgeted at $25 per unit which equates to $12.50 per hour.

D. Calculate the Fixed Overhead Volume Variance. Note: information provided states FOH budgeted at $25 per unit which equates to $12.50 per hour.