Calculate the:

• Direct Material Price Variance
• Direct Material Quantity Variance
• Direct Labor Rate Variance
• Direct Labor Efficiency Variance
• Variable Overhead Spending Variance
• Variable Overhead Efficiency Variance
• Fixed Overhead Spending Variance

View Policies Current Attempt in Progress Coronado, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Standard Price Standard Quantity Standard Cost Direct materials $3 per yard 2.00 yards $6.00 Direct labor $14 per DLH 0.75 DLH 10.50 Variable overhead $3.20 per DLH 0.75 DLH 2.40 Fixed overhead $3 per DLH 0.75 DLH 2.25 $21.15 Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November. The company purchased 82,400 yards of fabric and used 94,000 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran $464,275, with an actual hourly rate of $12.25 per direct labor hour. The annual budgets were based on the production of 604,000 shirts, using 454,000 direct labor hours. Though the budget for November was based on 45,900 shirts, the company actually produced 42,400 shirts during the month.Variable Overhead Budget Annual Budget Per Shirt November-Actual Indirect material $445,000 $1.20 $49,300 Indirect labor 299,000 0.75 30,900 Equipment repair 201,000 0.30 20,600 Equipment power 48,000 0.15 6,900 Total $993,000 $2.40 $107,700 Fixed Overhead Budget Annual Budget November-Actual Supervisory salaries $256,000 $21,000 Insurance 346,000 27,300 Property taxes 80,000 6,900 Depreciation 325,000 26,400 Utilities 210,000 19,900 Quality inspection 283,000 24,500 Total $1,500,000 $126,000