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The VHO Corporation, which uses a standard costing system, reported the following cost variances for the most recent month: Raw materials price variance Unfavorable Raw

The VHO Corporation, which uses a standard costing system, reported the following cost variances for the most recent month:

Raw materials price variance Unfavorable

Raw materials quantity variance Unfavorable

Direct labor rate variance Favorable

Direct labor efficiency variance Unfavorable

Variable overhead spending variance Unfavorable

Variable overhead efficiency variance Unfavorable

Fixed overhead spending variance Unfavorable

Fixed overhead volume (denominator) variance Unfavorable

What can be concluded from VHOs variances?

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