The following information is provided to assist you in evaluating the performance of the production operations of Studio Company:

Units produced (actual)		55,000
Master production budget
Direct materials		$128,040
Direct labor		108,640
Overhead		171,200
Standard costs per unit
Direct materials		$1.65 2 gallons per unit of output
Direct labor		$14.00 per hour 0.2 hour per unit
Variable overhead		$13.00 per direct labor-hour
Actual costs
Direct materials purchased and used		$141,050 (80,600 gallons)
Direct labor		133,497 (9,780 hours)
Overhead		175,200 (61% is variable)

Variable overhead is applied on the basis of direct labor-hours.

Required:

Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Round your answer to the nearest dollar amount. )

Price Variance Efficiency Variance Production Volume Variance

Direct Materials ______________ ______________ ____________

Direct labor _____________ _____________ ____________

Variable overhead ___________ _____________ ____________

Fixed overhead _____________ ____________ _____________