State whether the variances are favorable or unfavorable.

Problem 24.6A Computing and Journalizing Cost Variances (LO24-3, LO24-4) The accountants for Polyglaze, Inc., have developed the following information regarding the standard cost and the actual cost of a product manufactured in June Standard Actual Cost Cost Direct materials: Standard: 10 ounces at $8.15 per ounce Actual: 11 ounces at $e.16 per ounce Standard: 0.50 hours at $10.88 per hour Actual: 9.45 hours at $1e.40 per hour $1.50 $1.76 Direct labor: 5.00 Manufacturing overhead: Standard: $5,000 fixed cost and $5,900 variable Actual: $5,000 fixed cost and $4,600 variable cost Total unit cost cost for 10,900 units normal monthly volume 1.00 for 8,000 units actually produced in June 1.20 $7.50 $7.64 Required: a-1. Compute the materials price variance and the materials quantity variance, indicating whether each is favorable or unfavorable. a-2. Prepare the journal entry to record the cost of direct materials used during June in the Work in Process account (at standard) b-1. Compute the labor rate variance and the labor efficiency variance, indicating whether each is favorable or unfavorable b-2. Prepare the journal entry to record the cost of direct labor used during June in the Work in Process account (at standard) c-1. Compute the overhead spending variance and the overhead volume variance, indicating whether each is favorable or unfavorable c-2. Prepare the journal entry to assign overhead cost to production in June