The data below relate to a product of Sols Company.
Standard Cost
Materials, 2 pounds at $6 per pound	$12	per unit
Labor, 3 hours at $15 per hour	$45	per unit
Variable overhead at $8 per labor hour	$24	per unit
Budgeted fixed production costs	$140,000	per year
Budgeted production for the year	4,000	units
Budgeted sales, 4,000 units at $118 per unit	$472,000
Actual Results were:
Production of finished goods	3,700	units
Material purchases, 8,000 pounds	$46,400
Labor, 10,360 hours	$160,580
Variable overhead incurred	$84,700
Fixed overhead incurred	$137,500
Material used in production	7,300	pounds
Sales, 3,700 units at an average price of $120	$444,000
Required:
For each variance, determine the amount and mark it as favorable (F) or unfavorable (U).
a. Material price and quantity variances
b. Direct labor rate and efficiency variances
c. Variable overhead rate and efficiency variances