Chillco Corporation produces containers of frozen food. During April, Chillco produced 1,450 cases of food and incurred the following actual costs.

Variable overhead .................................$ 11,000

Fixed overhead ..................... 26,000

Actual labor cost (8,000 direct-labor hours) ......... 151,200

Actual material cast (30,000 pounds purchased and use) .... 66,000

Standard cost and annual budget information are as follow:

Standard Costs per Case

Direct labor (5 hours at $18 per hour) ............ $ 90.00

Direct material (20 pounds at $2 per pound) .......... 40.00

Variable overhead (5 hours at $1.50 per hour) .......... 7.50

Fixed overhead (5 hours at $3 per hour) ........... 15.00

Total ......................... $ 152.50

Annual Budget Information

Variable overhead ............$150,000

Fixed overhead .............$300,000

Planned activity for year ..........100,000 direct-labor hours

Required:

Prepare as complete an analysis of cost variances as is possible from the available data.