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The following data were drawn from the records of BensonCorporation.

Planned volume for year (static budget)		3,800	units
Standard direct materials cost per unit		2.70	pounds	@	$	1.50	per pound
Standard direct labor cost per unit		2.50	hours	@	$	3.80	per hour
Total expected fixed overhead costs	$	14,440
Actual volume for the year (flexible budget)		4,000	units
Actual direct materials cost per unit		2.40	pounds	@	$	2.10	per pound
Actual direct labor cost per unit		2.80	hours	@	$	3.30	per hour
Total actual fixed overhead costs	$	10,240

1. Prepare a materials variance information table showing thestandard price, the actual price, the standard quantity, and theactual quantity.
2. Calculate the materials price and usage variances. Indicatewhether the variances are favorable (F) or unfavorable (U).
3. Prepare a labor variance information table showing the standardprice, the actual price, the standard hours, and the actualhours.
4. Calculate the labor price and usage variances. Indicate whetherthe variances are favorable (F) or unfavorable (U).
5. Calculate the predetermined overhead rate, assuming that Bensonuses the number of units as the allocation base.
6. Calculate the fixed cost spending variance. Indicate whetherthe variance is favorable (F) or unfavorable (U).
7. Calculate the fixed cost volume variance. Indicate whether thevariance is favorable (F) or unfavorable (U).