Raisen, Inc The Standard Cost Per Unit When Operating at This Same

Raisen, Inc.'s budget included the following overhead costs for the current year assuming operations at 80% of capacity, or 40,000 units:
$\begin{array}{lr}\text { Total variable overhead } & \$ 240,000 \\\text { Total fixed overhead } & \underline{560,000 }\\\text { Total overhead } & \$ 800,000\end{array}$ The standard cost per unit when operating at this same 80% capacity level is:

$\begin{array} {l r } \text { Direct materials (51bs.@\$4/lb.) } & \$ 20.00 \\ \text { Directlabor(2hrs.@\$8.75/hr.) } &17.50 \\ \text { Variable overhead (2hrs.@, \$3/hr.) } &6.00 \\ \text { Fixed overhead (2hrs.@, \$7/hr:) } &\underline {14.00 }\\ \text { Total cost per unit } &\underline {\$ 57.50 }\\\end{array}$ The actual production achieved in the current year was 60% of capacity, or 30,000 units.The actual costs were:
$\begin{array}{lr}\text { Direct materials ( } 150,350 \mathrm{lbs} \text { ) } & \$ 616,435 \\\text { Direct labor }(59,800 \mathrm{hrs}) & 520,260 \\\text { Variable overhead } & 192,000 \\\text { Fixed overhead } & 552,000\end{array}$ Calculate the following variances and indicate whether each is favorable or unfavorable:
$\begin{array}{llcc} \text { Direct materials: } \\ &\text { Price variance } \\ \hline & \text { Quantity variance } \\\hline \text { Direct labor: } \\ & \text {Rate variance} \\ \hline& \text { Efficiency variance } \\\hline \text {Variable overhead: } \\ & \text {Spending variance} \\ \hline& \text { Efficiency variance } \\\hline \text { Fixed overhead } \\ & \text {Spending variance } \\\hline & \text { Volume variance } \\\hline\end{array}$