Data Table Total Flexible Budget Product Cost Variance (a) Total Direct Total Direct Total Manufacturing Materials Variance Labor Variance Overhead Variance (b) 1 (c) (d) Direct Materials Direct Materials Total Variable Direct Labor Cost Variance $ 500 U Total Fixed Overhead Variance Cost Variance $ 360 F Direct Labor Efficiency Variance $ 555 F Efficiency Variance $ 215 U Overhead Variance (e) Variable Overhead Cost Variance $ 250 U Variable Overhead Efficiency Variance $ 600 F Fixed Overhead Cost Variance 25 F $ Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U). (b) Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Variance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance