The standard cost sheet for Chambers Company, which manufactures one product, follows:

Direct materials, 40 yards at $2.00 per yard	$	80
Direct labor, 5 hours at $20 per hour		100
Factory overhead applied at 80% of direct labor		80
(variable costs = $60; fixed costs = $20)
Variable selling and administrative		64
Fixed selling and administrative		40
Total unit costs	$	364

Standards have been computed based on a master budget activity level of 28,800 direct labor-hours per month. Actual activity for the past month was as follows:

Materials used		228,000	yards at $2.05 per yard
Direct labor		25,200	hours at $20.40 per hour
Total factory overhead	$	444,000
Production		5,000	units

Required:

Prepare variance analyses for the variable and fixed costs. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Direct materials: Price variance Efficiency variance Direct labor Price variance Efficiency variance Variable overhead: Efficiency variance Fixed overhead: Production volume variance