Willow Inc. has provided the following information:

		Per unit
Standards:
Direct materials	10 lb @ $2.90/lb	29.00
Direct labor	2 hours @ $17.50/hour	35.00
Variable overhead	2 hours @ $11/hour	22.00
Fixed overhead		25.00
	Total	111.00

Budgeted production = 7,300 units

Actual results

Materials	75,050 lbs	$	216,015
Direct labor	14,100 actual hours	$	236,815
Variable overhead		$	161,570
Fixed overhead		$	179,860
Units produced	7,500 units

a.	Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

b.	Calculate the direct materials quantity variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

c.	Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

d.	Calculate the direct labor efficiency variance. (Do not round intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

e.	Calculate the variable overhead rate variance. (Do not round your intermediate calculations.Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

f.	Calculate the variable overhead efficiency variance. (Do not round intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)