Dolles Clay, Inc., manufactures basic terra cotta planters. Its standard cost information for the past year follows:

Dolles Clay has the following actual results for the past year:
Number of units produced and sold ..... 675,000
Number of pounds of clay used ..... 1,305,000
Cost of clay purchased and used ..... $ 991,800
Number of labor hours worked ..... 337,500
Direct labor cost .............$3,712,500
Variable overhead cost .......... $ 157,500
Fixed overhead cost ............ $ 505,000

Required:
Calculate the following for Dolles Clay:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spending variances.
3. Variable overhead rate, efficiency, and spendingvariances.

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Standaro Quantity Standard Price (Rate) Standard Unit Cost $ 0.80 per lb $12.00 per hr 0.40 per hr $1.60 6.00 0.20 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($480,000 800,000 units) 2 lbs 0.5 hr 0.5 hr 0.60