The following data were drawn from the records of Benson Corporation.

Planned volume for year (static budget)		4,900	units
Standard direct materials cost per unit		2.60	pounds	@	$	1.90	per pound
Standard direct labor cost per unit		3.90	hours	@	$	5.10	per hour
Total expected fixed overhead costs	$	22,050
Actual volume for the year (flexible budget)		5,100	units
Actual direct materials cost per unit		2.20	pounds	@	$	2.50	per pound
Actual direct labor cost per unit		4.40	hours	@	$	4.60	per hour
Total actual fixed overhead costs	$	18,250
Required Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Calculate the predetermined overhead rate, assuming that Benson uses the number of units as the allocation base. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U).