Silicon Inc. has provided the following Information for the year ended December 31, Year 1. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost Master Budget 5,000 units $35,000 15, eee 8,eee 16,000 $74, eee Actual Costs 4,500 units $32,500 12,5ee 7,800 17,5ee $70, 3ee Knowledge Check 01 What is the direct materials spending variance? $1,000 favorable $1,000 unfavorable $3,500 favorable $3,500 unfavorable Knowledge Check 02 What is the direct labor volume variance? $2.500 favorable $2,500 unfavorable $1.500 favorable $1,500 unfavorable Knowledge Check 03 What is the total variable manufacturing overhead varlance? O $200 favorable O $200 unfavorable $800 favorable $800 unfavorable Knowledge Check 04 What is the fixed manufacturing overhead volume variance? $1.600 favorable $3,100 unfavorable $150 unfavorable so