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Required: 1 . compute the direct materials price and quantity variances for the month ( indicate the effect of each variance by selecting F for

Required: 1. compute the direct materials price and quantity variances for the month (indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance)
Materials price variance :
Materials quantity variance:
2. Compute the direct labor rate and efficiency variances for the month (indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance)
Labor rate variance:
Labor efficiency variance:
3. Compute the variable overhead spending and efficiency variances for the month (indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance) Round efficiency variance to 2 decimal places)
Variable overhead spending variance:
Variable overhead efficiency variance:
4. Compute the overhead budget and the volume variances for the month (Round intermediate calculations to the nearest whole dollar amount. indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance)
Fixed overhead budget variance:
Fixed overhead volume variance:
5. Compute the underapplied or overapplied overhead for the month (Round intermediate calculations to the nearest whole dollar amount. indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance)
Total variable overhead variance:
Total fixed overhead variance:
The total ______ overhead is ___________
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