Using the approach above, please find the following variances: Price Variances, spending variances, efficiency variances that can be computed, and the production volume variance.

(1) AQ*AP (2) AQ*SP (3) SQ*SP (1)-(2) AQ*(AP-SP) (2)-(3) (AQ - SQ)*SP The Johnson Company uses a standard cost system. This month's data regarding its product follows: Budgeted price of materials: $1.00 per pound Budgeted pounds of material: 3 pounds per unit of output Budgeted direct labor cost: $4.00 per direct labor hour Budgeted direct labor hours: 5 hours per unit of output Budgeted variable overhead cost: $0.90 per direct labor hour Denominator activity level per month: 2500 units Materials purchased and used: 6,700 pounds at a total cost of $6,200 Direct labor costs incurred: $41,800 for 11,000 hours Variable overhead costs incurred: $9,500 Fixed overhead costs incurred: $6,150 Fixed overhead spending variance: $ 100 favorable Units produced this month: 2,000 Units sold this month: 500 Assume absorption costing is used for product costing. Required: Calculate all variances