Standard Direct materiale Direct Tabor Yarisble overhead Fixed overhead Total Per unit 10 10 $2.60/16 $26.00 2 hour $22.50/hour 45.00 2 hours 118/hour 35.00 25.00 $132.00 Budgeted production=7,000 units 74.950 lbs 15.530 actual hours Actual results Material: Direct labor Variable overhead Fixed overhead Units produced 3192. 200 $339,500 $286, 600 $171.400 7. 400 units 0. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (i.e., zero variance).) Pace Varlunce b. Calculate the direct materials quantity variance. (Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (ie, zero variance).) Quantity Variance c. Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Rate Variance d. Calculate the direct laboremciency variance (Do not round Intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable" or "None" for no effect (e., zero variance)) Emeny Varie e. Calculate the variable overhead rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) Rate Variance