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

Planned volume for year (static budget)		4,500	units
Standard direct materials cost per unit		2.30	lbs.	@	$	2.00	per pound
Standard direct labor cost per unit		3.40	hours	@	$	5.00	per hour
Total expected fixed overhead costs	$	18,900
Actual volume for the year (flexible budget)		4,900	units
Actual direct materials cost per unit		2.00	lbs.	@	$	2.50	per pound
Actual direct labor cost per unit		3.70	hrs.	@	$	4.70	per hour
Total actual fixed overhead costs	$	15,400

Required:

a.	Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. (Round "Standard price" and "Actual price" to 2 decimal places.)

b.	Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

c.	Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. (Round "Standard price" and "Actual price" to 2 decimal places.)

d.	Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

e.	Calculate the predetermined overhead rate, assuming that Kersten uses the number of units as the allocation base. (Round your answer to 2 decimal place.)

f.	Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

g.	Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)