The following data pertains to the month of October for ElmCo. Elmco. budgeted to sell units of product P at $ per unit. Production of P was also scheduled to equal units. The budgeted costs for each unit of P were:

Direct materials lbs at $ per lb

Direct labor labor hours at $ per hour

Machine hours machine hours at $ per hour variable overhead

Fixed Mfg OH $ for the month.

Fixed overhead is applied to WIP on the basis of a predetermined fixed overhead rate and actual direct labor hours used.

Actual production and sales of P in October was units. Elmco. recorded the following costs:

Direct materials lbs of material costing a total of $

Direct labor hours costing a total of $

Machine hours machine hours with variable overhead costs totaling $

Fixed Mfg OH $ for the month

Determine the following amounts. It is helpful to also know whether each variance is favorable or unfavorable. Note that I am using the naming convention for these variances given in the text. If a variance calculation results in a negative value, be sure to enter your answer as a negative number

Determine the Direct Materials Price Variance

Determine the Direct Materials Quantity Variance.

Determine the Direct Labor Rate Variance

Determine the Direct Labor Efficiency Variance

Determine the Variable overhead Spending or Price Variance

Determine the Variable overhead Efficiency Variance

Determine the Fixed overhead Price Variance

Determine the Fixed overhead Production Volume Variance.