The Chad Company produces and sells Bean Bag Chairs.Standards for the product follow:

• Direct materials, 8 yards at $2.00 per yard
• Direct labor, direct labor hour at $10 per direct labor hour
• Variable overhead, direct labor hour at $2 per direct labor hour
• Fixed overhead, direct labor hour at $6 per direct labor hour
• Standards are based on 24,000 budgeted direct labor hours per year.

The company manufactured and sold 44,000 units of product during the year.A total of 360,000 yards of material was purchased and used during the year at a cost of $2.25 per yard.

The company worked 23,500 direct labor hours during the year at a rate of $8.10 per hour.

Actual variable overhead costs were $45,000.Actual fixed overhead costs were $143,000.

Compute the direct materials price variance-----------$? and Favorable or Unfavorable?

Compute the variance direct materials quantity variance-----------$? and Favorable or Unfavorable?

Compute the direct labor rate variance-----------$? and Favorable or Unfavorable?

Compute the direct labor efficiency variance-----------$? and Favorable or Unfavorable?

Compute the variable overhead spending variance-----------$? and Favorable or Unfavorable?

Compute the variable overhead efficiency variance-----------$? and Favorable or Unfavorable?

Compute the fixed overhead spending variance:-----------$? and Favorable or Unfavorable?