Jackety is producing high quality waterproof jackets that can be worn in all seasons.

It is budgeted that 15 yards of raw material can produce 10 jackets. The material costs $5 per yard. 2,300 jackets were originally budgeted but only 2,000 jackets were actually made. The actual cost per yard was $5.40 and 3,074 yards were used up.

A) What is the price variance? (2 points)

B) What is the quantity variance? (2 points)

C)What is the spending variance? (1 point)

Don't forget to indicate whether the variances are favorable or unfavorable! (1 point)