Based on the following information, prepare the variances as requested.

Best Ever Benches, Inc., manufactures benches from wood. During a recent month, the company manufactured 1,200 benches using 6,000 board feet of hardwood. The hardwood cost the company $24,000. The companys standards for one bench are 5.25 board feet of hardwood, at a cost of $3.85 per board foot.

Material Spending Variance

Material Price Variance

Material Quantity Variance

According to standards, each bench requires 4 labor hours at $15 per hour. The actual hours for the month were 4,880 hours and the payroll cost for the month was $75,396.

Labor Spending Variance

Labor Rate Variance

Labor Efficiency Variance

For all answers round to the nearest cent. Indicate a favorable variance by placing a + right after the number or an unfavorable variance by placing a - right after the number.