Wisner Fabrication prepares its budgets on the basis of standard costs. Variances are analyzed and reported monthly. There are no materials inventories. The following information relates to the current period: Standard costs (per unit of output) Direct materials, 5 pounds @ $12.00 per pound Direct labor, 1.5 hours @ $30 per hour Factory overhead Variable (30% of material cost) Total standard cost per unit Actual costs and activities for the month follow. Materials used Output Actual labor costs Actual variable overhead $ 60 45 18 $123 26,300 pounds at $12.40 per pound 5,500 units 8,940 hours at $ 32 per hour 5-95,790 Required: Prepare a cost variance analysis for the variable costs. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Direct materials Price variance Efficiency variance Direct materials total variance Direct labor Price variance Efficiency variance Direct labor total variance Variable overhead Dre 85 85 #