The following data were drawn from the records of Campbell Corporation.

Planned volume for year (static budget)		3,900	units
Standard direct materials cost per unit		3.60	pounds	@	$	2.00	per pound
Standard direct labor cost per unit		2.80	hours	@	$	4.00	per hour
Total expected fixed overhead costs	$	21,840
Actual volume for the year (flexible budget)		4,200	units
Actual direct materials cost per unit		3.00	pounds	@	$	2.30	per pound
Actual direct labor cost per unit		3.10	hours	@	$	3.50	per hour
Total actual fixed overhead costs	$	17,640

Required

Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity.

Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U).

Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours.

Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U).

Calculate the predetermined overhead rate, assuming that Campbell uses the number of units as the allocation base.

Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U).

Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U).

Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. (Round "Standard price" and "Actual price" to 2 decimal places.)

Materials Variance Information Table
Standard price		per pound
Actual price		per pound
Standard quantity for flexible budget		pounds
Actual quantity used		pounds

Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Material price variance
Material usage variance

Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. (Round "Standard price" and "Actual price" to 2 decimal places.)

Labor Variance Information Table
Standard price		per hour
Actual price		per hour
Standard hours for flexible budget
Actual hours used

Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Labor price variance
Labor usage variance

Calculate the predetermined overhead rate, assuming that Campbell uses the number of units as the allocation base. Calculate the fixed cost spending variance and the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). (Round "Predetermined overhead rate" answer to 2 decimal places. Select "None" if there is no effect (i.e., zero variance).)

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e.	Predetermined overhead rate		per unit
f.	Fixed cost spending variance
g.	Fixed cost volume variance