Budgeted sales price is $10, actual is $12.

Budgeted sales volume is 2,500 units, actual is 2,400 units.

Budgeted input prices are $4/pound for DM and $15/hour for DL, actual is $4.50/pound for DM and $14/hour for DL.

Budgeted amounts of inputs are 0.5 pounds of DM and 0.2 hours of DL per unit of output. Actual amounts are 0.45 pounds of DM and 0.19 hours of DL per unit of output.

Budgeted fixed costs are $22,000, actual $23,000.

Required:
Which of the following variances are favorable / unfavorable (use common sense rather than computations):

Budgeted amounts of inputs are 0.5 pounds of DM and 0.2 hours of DL per unit of output. Actual amounts are 0.45 pounds of DM and 0.19 hours of DL per unit of output.

Budgeted fixed costs are $22,000, actual $23,000

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (4 - 4.5)*1080= 540 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1200 - 1080)*4= 480 favorable

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (480 - 456)*15= 360 favorable

Direct labor price variance= (SR - AR)*AQ

Direct labor price variance= (15 - 14)*456= 456 favorable

Overhead variance= 22,000 - 23,000= 1000 unfavorable