Sweetwater Company manufactures two products, Mountain Mist and Valley Stream. The company prepares its master budget on the basis of standard costs. The following data are for March.

Standards		Mountain Mist		Valley Stream
Direct materials		3 ounces at $15 per ounce		4 ounces at $16.50 per ounce
Direct labor		5 hours at $60 per hour		6 hours at $75 per hour
Variable overhead (per direct labor-hour)		$48		$52.50
Fixed overhead (per month)		$335,340		$397,800
Expected activity (direct labor-hours)		5,750		7,800
Actual results
Direct material (purchased and used)		3,100 ounces at $13.50 per ounce		4,700 ounces at $17.25 per ounce
Direct labor		4,900 hours at $60.75 per hour		7,400 hours at $76.50 per hour
Variable overhead		$242,550		$378,510
Fixed overhead		$313,950		$396,000
Units produced (actual)		1,000 units		1,200 units

Required:

a. Prepare a variance analysis for each variable cost for each product.

b. Prepare a fixed overhead variance analysis for each product.