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

Planned volume for year $($static budget$)$

Standard direct materials cost per unit

Standard direct labor cost per unit

Total expected fixed overhead costs

Actual volume for the year $($flexible budget$)$

Actual direct materials cost per unit

Actual direct labor cost per unit

Total actual fixed overhead costs

$3,400$ units

$3\mathrm{.}30$ pounds @ $$1\mathrm{.}50$ per

pound

$2\mathrm{.}30$ hours & $$3\mathrm{.}20$ per hour

$$14,620$

$3,700$ units

$2\mathrm{.}90$ pounds & $$1\mathrm{.}80$ per pound

$2\mathrm{.}70$ hours @ $$2\mathrm{.}90$ per hour

$$10,220$

Required

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

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

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

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

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

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

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

Complete this question by entering your answers in the tabs below.

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

Note: Enter "Standard price" and "Actual price" to $2$ decimal places.

$\backslash$table$[[$Materials Variance Information Table,$],[$Standard price,,per pound$],[$Actual price,,per pound$],[$Standard quantity for flexible budget,,pounds$],[$Actual quantity used,,pounds$]]$