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Ralston Inc. has provided the following information:

		Per unit
Standards:
Direct materials	10 lb @ $2.50/lb	25.00
Direct labor	2.00 hours @ $22.10/hour	44.20
Variable overhead	2.00 hours @ $19/hour	38.00
Fixed overhead		26.00
	Total	133.20

Budgeted production = 6,970 units

Actual results

Materials	74,650 lbs	$	184,045
Direct labor	15,430 actual hours	$	331,078
Variable overhead		$	300,200
Fixed overhead		$	171,200
Units produced	7,430 units

a.

Calculate the direct materials price variance. (Input the amount as positive value. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Price variance

$

(Click to select)NoneFavorableUnfavorable

b.

Calculate the direct materials quantity variance. (Input the amount as positive value. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Quantity variance

$

(Click to select)UnfavorableNoneFavorable

c.

Calculate the direct labor rate variance. (Input the amount as positive value. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Rate variance

$

(Click to select)NoneUnfavorableFavorable

d.

Calculate the direct labor efficiency variance. (Input the amount as positive value. 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). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Efficiency variance

$

(Click to select)UnfavorableFavorableNone

e.

Calculate the variable overhead rate variance. (Input the amount as positive value. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Rate variance

$

(Click to select)FavorableUnfavorableNone

f.

Calculate the variable overhead efficiency variance. (Input the amount as positive value. 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). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Efficiency variance

$

(Click to select)UnfavorableNoneFavorable

g.

Calculate the fixed overhead spending variance. (Input the amount as positive value. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Leave no cell blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Spending variance

$

(Click to select)NoneUnfavorableFavorable

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