• UVW Company prepared a flexible budget for the current month based on actual production levels. The standard cost information is as follows:

  • Direct materials: $20 per unit
  • Direct labor: $15 per unit
  • Variable overhead: $10 per unit
  • Fixed overhead: $50,000

• Actual production resulted in 5,000 units. Calculate the direct materials, direct labor, variable overhead, and fixed overhead variances.