Standard and Actual numbers have been provided for Direct Material, Direct Labor and Fixed MO, Variable MO. Calculate all variances indicated and also identify each variance as either Favorable (F) or Unfavorable (U). Standard numbers provided are for 1 unit of final product manufactured. Round all TOTAL VARIANCES to the nearest dollar for analysis purposes.

Standards: Std. Quantit Std. Price Standards: Std. MH Hours Std. Rate Material 4.50 12.44 Labor 5.40 20.00 Actuals: Act. Quant Act. Price Actuals: Act. MH Hours Act. Rate Material 44,800 $12.40 Labor 53,800 $20.05 Material price variance AP SP Variance Quant Total Variance Material quantity variance Variance AQ sQ Price Total Variance Total material variance Total Actual Total Standard Total Variance Labor rate variance AR SR Variance Quant Total Variance Labor Variance variance AH SH Rate Total Variance Total labor varia nce Total Actual Total Standard Total Variance