Willow Inc. has provided the following information:

Standards:		Per unit
Direct materials	10 lbs @ $3.20/lb	$	32.00
Direct labor	2 hours @ $20.50/hour		41.00
Variable overhead	2 hours @ $14/hour		28.00
Fixed overhead			25.00
Total		$	126.00

Budgeted production = 7,000 units

Actual results
Materials	71,500	lbs	$	227,095
Direct labor	14,250	actual hours	$	282,180
Variable overhead			$	206,000
Fixed overhead			$	172,150
Units produced	7,300	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).) Price Variance b. Calculate the direct materials quantity variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (.e., zero variance).) Quantity 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).) Rate Variance d. Calculate the direct labor efficiency variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (.e., zero variance).) Efficiency 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 (.e., zero variance).) Rate Variance f. Calculate the variable overhead efficiency variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Efficiency Variance g. Calculate the fixed overhead spending variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Spending Variance