The following information is for the standard and actual costs for Happy Corporation:

Standard Costs:

Budgeted units of production 16,000 [80% (or normal) capacity]

Standard labor hours per unit 4

Standard labor rate $26 per hour

Standard material per unit 8 lbs.

Standard material cost $12 per pound

Standard variable overhead rate $15 per labor hour

Budgeted fixed overhead $640,000

Fixed overhead rate is based on budgeted labor hours at 80% (or normal) capacity.

Actual Costs:

Actual production 16,500 units

Actual material purchased and used 130,000 pounds

Actual total material cost $1,600,000

Actual labor 65,000 hours

Actual total labor costs $1,700,000

Actual variable overhead $1,000,000

Actual fixed overhead $640,000

Enter favorable variances as negative numbers. Do not round interim calculations.

a. Determine the direct materials quantity variance, price variance, and total cost variance.

Direct materials:

Quantity variance:	$
Price variance:	$
Total direct materials cost variance:	$

b. Determine the direct labor time variance, rate variance, and total cost variance.

Direct labor:

Time variance:	$
Rate variance:	$
Total direct labor cost variance:	$

c. Determine the factory overhead volume variance, controllable variance, and total factory overhead cost variance.

Factory overhead:

Volume variance:	$
Controllable variance:	$
Total factory overhead cost variance:	$