Reed Cake Company makes and sells cakes to retail stores. One of the company's most popular cakes is carrot cake, which sells for $8.00 per pound. The standard cost per pound of carrot cake is presented below. The following cost information is based on the company's normal monthly production of 400,000 pounds.

Cost Item	Quantity	Standard unit cost	Total Cost
Direct Materials
Cake Mix	10 oz.	.02 per oz.	0.2
Corn Syrup	5 oz.	.15 per oz.	0.75
Carrots	1 oz.	.50 per oz.	0.5
Direct Labor
Mixing	1 min.	12.40 per hr.	0.24
Baking	2 min.	18.00 per hr.	0.6
Variable Overhead	3 min.	32.40 per direct labor hr.	1.62
Total Standard cost per pound			3.91

By using these standard costs, Isabel Faia, management accountant of the company, prepares monthly budget reports for November. The variance report is presented below.

Variance Report for November
	Static Budget	Actual	Variance
Units (in pounds)	400,000	450,000	50,000 F
Revenue	3,200,000	3,555,000	355,000 F
Direct Materials	580,000	865,000	285,000 U
Direct Labor	336,000	348,000	12,000 U
Variable Overhead	648,000	750,000	102,000 U
Total Variable Costs	1,564,000	1,963,000	399,000 U
Contribution Margin	1,636,000	1,592,000	44,000 U

Mia Murray, president of the company, is not satisfied with the results because the product's contribution margin decreased. Murray has asked Faia to investigate this decrease and Faia has prepared the following report for the analysis.

Report for November
Cost Item	Actual Quantity	Actual Cost
Direct Materials
Cake Mix	4,650,000 oz.	93,000
Corn Syrup	2,660,000 oz.	532,000
Carrots	480,000 oz.	240,000
Direct Labor
Mixing	450,000 min.	108,000
Baking	800,000 min.	240,000
Variable Overhead		750,000
Total Variable Costs		1,963,000

Required: Compute the following variances. Indicate whether a variance is favorable or unfavorable. 1. Direct-material price variance (1 point) 2. Direct-material quantity variance (1 point) 3. Direct-labor efficiency variance (1 point) 4. Variable-overhead spending variance (1 point) 5. Variable-overhead efficiency variance (1 point)