The Kinney Manufacturing Company uses standard costing. It allocates manufacturing overhead (both variable and fixed) based on standard direct manufacturing labor-hours (DLH). Data regarding the standards and actual production during July 2016 are as follows:
		Budgeted	Actual
	Units of products produced	9,250	7,600
	Direct materials input quantity (lb.) allowed per unit of product	5
	Direct materials cost per lb.	$ 4	$ 3.8
	Direct materials purchased (lb.)		40,300
	Direct materials used (lb.)		37,300
	Direct labor hours allowed per unit of product	4
	Direct labor cost per hour	$ 16	$ 16.25
	Direct labor hours used		31,400
	Denominator level for manufacturing overhead per month (DLH)	37,000
	Variable manufacturing overhead cost per DLH	$ 8
	Variable manufacturing overhead cost		$ 300,000
	Fixed manufacturing overhead cost per DLH	$ 9
	Fixed manufacturing overhead cost		$ 350,000
Required:
For the month of July 2016, compute the following variances, indicating whether each is favorable (F) or unfavorable (U).
			Favorable or unfavorable?
	Direct materials price variance, based on purchases =	$ (8,060)
	Direct materials efficiency variance =
	Direct manufacturing labor price variance =
	Direct manufacturing labor efficiency variance =
	Variable manufacturing overhead spending variance =
	Variable manufacturing overhead efficiency variance =
	Fixed manufacturing overhead spending variance =
	Fixed manufacturing overhead production-volume variance =