Fredman Company Has a Standard Costing System and Keeps All

Fredman Company has a standard costing system and keeps all its costs up to date.The company's main product is copper wind chimes,which are made in a single department.The standard variable costs for one wind chime (unit)are as follows:
$\begin{array}{ll}\text { Direct materials ( } 3 \text { yards at } \$ 12.50 \text { per yard) } & \$ 37.50 \\\text { Direct labor ( } 2 \text { hours at } \$ 9.00 \text { per hour) } & 18.00 \\\text { Variable overhead ( } 2 \text { hours } @ \$ 5.00 \text { per direct labor hour) } & 10.00 \\\text { Standard variable cost per unit } & \$ 65.50\end{array}$
The company's normal capacity is 10,000 direct labor hours.Its budgeted fixed overhead costs for the year were $44,000.During the year,it produced and sold 4,900 wind chimes and it purchased 15,000 yards of direct materials; the purchase cost was $12.40 per yard.The average labor rate was $9.10 per hour,and 10,050 direct labor hours were worked.The company's actual variable overhead costs for the year were $48,900,and its fixed costs were $45,000.
Using the data given,compute the following using formulas or diagram form:
1.Direct materials cost variances:
a.Direct materials price variance
b.Direct materials quantity variance
c.Total direct materials cost variance
2.Direct labor cost variances:
a.Direct labor rate variance
b.Direct labor efficiency variance
c.Total direct labor cost variance
3.Variable overhead variances:
a.Variable overhead spending variance
b.Variable overhead efficiency variance
c.Total variable overhead variance
4.Fixed overhead variances:
a.Fixed overhead budget variance
b.Fixed overhead volume variance
c.Total fixed overhead variance