The following standard costs were developed for one of the products of Fallout Corporation: STANDARD COST CARD PER UNIT Budgeted fixed manufacturing overhead for the period is ( $ 960,000 ), and the standard fixed overhead rate is based on expected capacity of 80,000 machine hours. Required: a. Calculate the materials price variance and usage variance b. Calculate the direct labor rate and efficiency variance. c. Calculate the variable manufacturing overhead spending and efficiency variance. d. Calculate the fixed manufacturing overhead spending and volume variance.

The following standard costs were developed for one of the products of Fallout Corporation: STANDARD COST CARD PER UNIT Budgeted fixed manufacturing overhead for the period is $960,000, and the standard fixed overhead rate is based on expected capacity of 80,000 machine hours. Required: a. Calculate the materials price variance and usage variance b. Calculate the direct labor rate and efficiency variance. c. Calculate the variable manufacturing overhead spending and efficiency variance. d. Calculate the fixed manufacturing overhead spending and volume variance