From the foregoing information, compute the following variances. Indicate whether the variance is

favorable (F) or unfavorable (U). Show your calculations.

Replacement Problem Three (for Exam Three Problem 5) - maximum value 21 points Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Per Hours Rate Unit Direct materials 6.5 ounces $2.00 per ounce $13.00 Direct labor 0.2 hours $23.00 per hour $4.60 Variable overhead.... 0.2 hours $6.00 per hour $1.20 The company reported the following results concerning this product in June. Originally budgeted output.... 2,700 units Actual output. 2,800 units Raw materials used in production 19,380 ounces Purchases of raw materials........... 21,400 ounces Actual direct labor-hours......... 500 hours Actual cost of raw materials purchases. $40,660 Actual direct labor cost. $12,050 Actual variable overhead cost $3,100 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: From the foregoing information, compute the following variances. Indicate whether the variance is favorable (F) or unfavorable (U). Show your calculations. a. Material price variance. b. Material quantity variance. C. Direct labor rate variance. d. Direct labor efficiency variance. e. Variable overhead rate variance. I f. Variable overhead efficiency variance