Variances and Flexible and Static Budgets

In addition, I need to find these variances:

Direct Materials Price Variance

Direct Materials Efficiency Variance

Direct Labor Price Variance

Direct Labor Efficiency Variance

Variable Manufacturing Overhead Spending Variance

Variable Manufacturing Overhead Efficiency Variance

Fixed Manufacturing Overhead Volume Variance

Fixed Manufacturing Overhead Spending Variance

HOMEWORK Flexible Budget and Variances The following information is associated with your company's perform ance for the last ccounting cycle. For all parts of this problem, use the information in the two tables below Each variance must include both the value of the variance and be labeled as favorable ("F") or unfavorable ("U") Standard Cost Standard Quantity 2 yd/unit 1 dlh/unit 1 dlh/unit Standard Price/Rate $5.00/yd $18.00/dlh $ 4.00/dlh $ 10.00/unit $ 18.00 /unit s 4.00/unit Direct Materials Direct Labor Variable MOH e budgeted predetermined overhead rate for fixed MOH is $5.00 per unit for a budgeted volume of 19,000 units. Cost $4.90/ yd Quantity 43,000 yd 39,000 yd 24,000 dlh Actual Information Raw Materials Purchased Raw Materials Used Direct Labor used Variable MOH Fixed MOH $17.75/dilh $77,000 $110,000 Units produced and sold 20,000 units Actual Results Flexible Budget Static Budget Units Revenues $960,000 $950,000 Direct Material Direct Labor Variable MOH Fixed MOH Gross Margin