The standard cost card for a unit of Product AX at the Cleaning Chemicals Corp. shows the following standard cost information:The standard cost card for a unit of Product AX at the Cleaning Chemicals Corp. shows the following standard cost

information:

During the month of October $20$X$1,$ Job O$-3$ was completed. It was the only job worked on during October. Six thousand

units were produced from the job. The actual costs were as shown below:

Required:

Calculate the total variance for materials for the month. $($Indicate the effect of the variance by selecting "Favorable",

"Unfavorable", and "None" for no effect $($i$.$e$.,$ zero variance$).)$

Materials: $2$ gallons at $$11$ per gallon $ $22$

Labor: $5$ hours at $$16$ per hour $80$

Overhead: $80\%$ of direct labor $64$

Total $ $166$

During the month of October $20$X$1,$ Job O$-3$ was completed. It was the only job worked on during October. Six thousand units were produced from the job. The actual costs were as shown below:

Materials: $12,200$ gallons at $$11\mathrm{.}10$ per gallon $ $135,420$

Labor: $30,100$ hours at $$16\mathrm{.}10$ per hour $484,610$

Actual overhead $387,688$

Total $ $1,007,718$

Required:

Calculate the total variance for materials for the month. $($Indicate the effect of the variance by selecting "Favorable", "Unfavorable", and "None" for no effect $($i$.$e$.,$ zero variance$).)$