Standard Products Company recognizes variences from standards at the earliest opportunity, and the quality of direct materials purchased is equal to the quantity used. The following information is available for the most recent month:

	Direct Materials	Direct Labor
Standard quantity/ unit	6.00 pounds	2.5 hours
Standard price/ pound	$8.10 / pound
Standard price / hour		$8.00 / hour
Actual quantity / unit	6.25 pounds	2.8 hours
Actual price / pound	$8.00 / pound
Actual price / hour		$7.50 / hour
Static budget volume	800 units
Actual volume	900 units
Actual overhead	$11,000
Actual fixed overhead	$5.100
Standard variable overhead	$5 / unit
Standard fixed overhead	$5,600

1. Calculate the Direct Material Price and Volume Variances.

2. Calculate the Direct Labor Rate and Efficiency Variances

3. Calculate the Variable Overhead Spending and Efficiency Variances

4. Calculate the Fixed Overhead Budget and Volume Variances