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Clemson Company prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results. Variances are analyzed and reported separately. There are no materials inventories

The following information relates to the current period:

Standard costs (per unit of output)
Direct materials, 2 gallons @ $6.00 per gallon	$	12
Direct labor, 4 hours @ $24 per hour		96
Factory overhead
Variable (25% of direct labor cost)		24
Total standard cost per unit	$	132

Actual costs and activities for the month follow:

Materials used		4,200	gallons at $5.40 per gallon
Output		1,900	units
Actual labor costs		6,400	hours at $30 per hour
Actual variable overhead	$	54,000

Required:

Compute the cost variances for the variable costs. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) NEEDED: Direct materials: Price Variance Efficiency Variance Direct materials cost variance Direct labor: Price Variance Efficiency Variance Direct labor cost variance Variable overhead: Price Variance Efficiency Variance Variable overhead cost variance

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