So...we are at the end of the year and Fluffy has eaten some of our cost records. From the papers that Fluffy did not eat, here is what we still know.... We thought we would make 6000 chairs. We actually made 5000 chairs. Each chair was supposed to use 3 pounds of material. We bought 18000 pounds of material. Each pound of material was supposed to cost $2.00. The Direct materials Price Variance was $9000 Unfavorable. We used 16000 pounds of material. We actually incurred $182,000 of direct labor cost. We thought each chair would take 5 hours to make. We thought we would have to pay $7.00 per direct labor hour. We actually used 28,000 hours to make all of the chairs. We thought we would pay $0.50 more per hour for our direct labor than what we actually paid per hour. We allocate variable overhead on the basis of direct labor hours. We budgeted $150,000 for variable overhead. The standard fixed overhead rate was $4.00 per machine hour. We spent $131,000 for variable overhead and $37,000 for fixed overhead We thought it would take 2 machine hours for each chair we produced. Question 43 What was the direct material sales volume variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 44 The variance in the last question was: Favorable Unfavorable ONeither Question 45 What was the direct labor spending variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 46 The variance in the last question was: Favorable Unfavorable Neither Question 47 What was the direct labor efficiency variance? (Only enter the dollar amount. The next question will ask whether it is favorable or unfavorable.) Question 48 The variance in the last question was: Favorable O Unfavorable