Question: a. Calculate the direct materials price variance. ( Do not round your intermediate calculations. Indicate the effect of variance by selecting Favorable, Unfavorable, or None

a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

b. Calculate the direct materials quantity variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) c. Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) d. Calculate the direct labor efficiency variance. (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).) e. Calculate the variable overhead rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) f. Calculate the variable overhead efficiency variance. (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).) g. Calculate the fixed overhead spending variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)

Cascade Inc. has provided the following information: Standards: Direct materials Direct labor Per unit 6.5 lbs @ $5.00/lb $ 32.50 2.0 hours @ 25.00 $12.5/hour 3.5 hours @ 40.25 $11.5/hour 18.00 $115.75 Variable overhead Fixed overhead Total Budgeted production = 4,280 units Actual results Direct materials Direct labor Variable overhead Fixed overhead Units produced 31,600 lbs 13,370 actual hours $167,470 $184,600 $138,210 $ 77,800 4,800 units

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