Willow Inc. has provided the following information:

Standards:		Per unit
Direct materials	10 lb @ $4.00/lb	$	40.00
Direct labor	2 hours @ $28.50/hour		57.00
Variable overhead	2 hours @ $13/hour		26.00
Fixed overhead			15.00
Total		$	138.00

Budgeted production = 7,200 units

Actual results
Materials	73,840	lbs	$	293,455
Direct labor	14,650	actual hours	$	411,100
Variable overhead			$	197,030
Fixed overhead			$	104,590
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).) 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. (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. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero 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).)