The following data were drawn from the records of Zachary 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

$3,200$ units

$3\mathrm{.}20$ pounds @ $$1\mathrm{.}90$ per

pound

$3.10$ hours @ $$4\mathrm{.}90$ per hour

$$14,080$

$3,500$ units

$2\mathrm{.}80$ pounds @ $$2\mathrm{.}40$ per pound

$3\mathrm{.}40$ hours @ $$4\mathrm{.}40$ per hour

$$9,680$

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 Zachary 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.

Req B

Req C

Req D

Req $E$ to $G$

Calculate the predetermined overhead rate, assuming that Zachary uses the number of units as the allocation base. Calculate the fixed cost spending variance and the fixed cost volume variance. Indicate whether the variances are favorable $($F$)$ or unfavorable $($U$).$

Note: Round "Predetermined overhead rate" answer to $2$ decimal places. Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

Show less $$

$\backslash$table$[[$e$.$ Predetermined overhead rate,,per unit$],[$f$.$ Fixed cost spending variance,,$],[$g$.$ Fixed cost volume variance,,$]]$