Waterway Irrigation, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. The pumps standard cost is as follows. The companys predetermined fixed overhead rate is based on an expected capacity of 100,000 direct labor hours per month.During the month of September, the company produced 21,810 of the 25,000 pumps that had been scheduled for production in the budget. The company used 406,430 pounds of material during September. The direct labor payroll for the month was $598,200 for 94,700 direct labor hours. Variable overhead costs were $744,900; fixed overhead costs were $562,900. The companys purchasing agent signed a new supply contract that resulted in purchases of 510,600 pounds of direct materials at a total price of $2,859,360. Calculate Waterway direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Your answer is partially correct. Waterway Irrigation, Inc. is known throughout the world for its H20-X high-capacity water pump, used in irrigation systems. The pump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000 direct labor hours per month. Standard Price Standard Quantity Standard Cost 16 pounds $96 $6 per pound $8 per DLH 4 DLH 32 Direct materials Direct labor Variable overhead Fixed overhead $8 per DLH 4 DLH 32 $6 per DLH 4 DLH 24 $184 During the month of September, the company produced 21,810 of the 25,000 pumps that had been scheduled for production in the budget. The company used 406,430 pounds of material during September. The direct labor payroll for the month was $598,200 for 94,700 direct labor hours. Variable overhead costs were $744.900; fixed overhead costs were $562,900. The company's purchasing agent signed a new supply contract that resulted in purchases of 510.600 pounds of direct materials at a total price of $2,859,360. Calculate Waterway' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) $ 162572 Direct materials price variance Favorable $ Direct materials quantity variance 606540 Unfavorable $ 159400 Favorable Direct labor rate variance $ 59680 Direct labor efficiency variance Unfavorable $ Variable overhead spending variance 12700 Favorable 59680 Unfavorable Variable overhead efficiency variance Fixed overhead spending variance 37100 Favorable