Venice Corporation has provided the following standard costing data, per unit below:

Direct Materials 90 kg at $4 per kg

Direct Labour 4 hours at $25/hour

Variable Overhead 4 hours at $8/DL hour

Fixed Overhead $30

The company expected to produce 1,100 units for the upcoming month, August 2016.

During August, 1,050 units were produced. The company purchased and used 97,000 kilograms of material at a total cost of $368,600. Direct labor used was 4,100 hours at a total cost of $110,700. Variable overhead cost was $35,200. Actual fixed overhead cost was $30,900. Fixed overhead is allocated on the basis of direct labor hours. The normal volume is the same as the planned volume for August.

Required question

a. Compute the direct materials price variance. Indicate if it favorable (F) or unfavorable (U).

b. Compute the direct materials quantity variance. Indicate if it is favorable (F) or unfavorable (U).

c. Compute the direct labor rate variance. Indicate if it is favorable (F) or unfavorable (U).

d. Compute the direct labor efficiency variance. Indicate if it is favorable (F) or unfavorable (U).