What's the Materials Quantity Variance?

What's the Labor Efficiency Variance?

What's the variable overhead efficiency variance?

Are they Favorable or Unfavorable?

Direct materials per unit: 10 pounds at $20 per pound Direct labor per unit: 4 hours at $17 per hour Variable overhead: 4 hours at $10 per hour Budgeted Fixed advertising expenses: $6000 Budgeted Fixed sales expenses: $8000 Budgeted Fixed shipping expenses: $9000 The planning budget for January 2022 was based on producing and selling 1000 units. However, during January, the companyactually produced and sold 1100 units, at a selling price of $600 per unit, and incurred the following costs: (a) Purchased 10,200 pounds of direct materials at a cost of $19 per pound. All of this material was used in production. (b) Direct laborers worked 4,300 hours at a rate of $16.00 per hour (c) Total variable manufacturing overhead for the month was $49,000 (d) ACTUAL fixed costs: Total fixed advertising expenses were $7,000. Total fixed sales expenses were $8,000. Total fixed shipping expenses were $9,900