Please make sure to show the calculation process, please and thank you!

5. Variance Analysis (6pts): Waterfall, Inc. has provided the following standards data concerning one of their products. Assume that OH costs are applied to products based on direct labor (DL) hours.

Inputs	Standard quantity or standard hours of input per unit of output			Standard price or rate per unit of input
Direct materials	5.0	Ounces		$3.25	Per ounce
Direct labor	2.2	DL hours		$10.00	Per DL hour
Variable overhead	2.2	DL hours		$4.75	Per DL hour
Fixed overhead	2.2	DL hours		$1.90	Per DL hour

The standard OH rate for both Variable OH ($4.75 per DL hour) and Fixed OH ($1.90 per DL hour) is based on an expected volume of 12,000 units, which is 80% of the factorys capacity of 15,000 units per month. Per the firms flexible OH budget, the Budgeted OH costs per month at the 70%, 80%, and 90% capacity level are:

	Operating levels (% of capacity)
	70%	80%	90%
Units of production	10,500	12,000	13,500
Standard DL hours	23,100	26,400	29,700
Budgeted OH Costs:
Variable OH	$109,725	$125,400	$141,075
Fixed OH	$50,160	$50,160	$50,160

The firm reported the following actual costs for the month of May when it operated at 90% of capacity, producing 13,500 units.

Actual output	13,500	Units
Direct materials purchased and used	70,200	ounces
Actual cost of materials purchased	$224,640
Actual direct labor hours used	28,350	DL hours
Actual direct labor cost	$311,850
Actual variable overhead cost	$130,410
Actual fixed overhead cost	$50,000

Answer the following (0.5pts each):

1. Calculate the DM price variance. Indicate whether this variance is favorable (F) or unfavorable (U).
2. Calculate the DM quantity variance. Indicate whether this variance is favorable (F) or unfavorable (U).
3. Calculate the DM cost variance. Indicate whether this variance is favorable (F) or unfavorable (U).
4. Calculate the DL rate variance. Indicate whether this variance is favorable (F) or unfavorable (U).
5. Calculate the DL efficiency variance. Indicate whether this variance is favorable (F) or unfavorable (U).
6. Calculate the DL cost variance. Indicate whether this variance is favorable (F) or unfavorable (U).
7. Calculate the Variable OH Spending Variance. Indicate whether this variance is favorable (F) or unfavorable (U).
8. Calculate the Variable OH Efficiency Variance. Indicate whether this variance is favorable (F) or unfavorable (U).
9. Calculate the Variable OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U).
10. Calculate the Fixed OH Volume Variance. Indicate whether this variance is favorable (F) or unfavorable (U).
11. Calculate the Fixed OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U).
12. Calculate the Total OH Cost Variance. Indicate whether this variance is favorable (F) or unfavorable (U).