Driver for overhead and employs a standard costing system

Question

Problem 3 - Even Better produces gummy worms that it sells in pocket size boxes. It uses direct labor hours as the cost driver for overhead and employs a standard costing system. The following information is provided by the company's controller:

Actual Data				Budgeted/Standard Data
Snacks produced	14,220 boxes		Budgeted snacks		14,150 boxes
Materials purchased	4,750 lbs. for a total of $32,775		Direct material standard		0.35 lb. @ $7.00 per lb.
Materials used	4,560 lbs.		Direct labor standard		0.5 hours @ $12.05 per hour
Direct labor worked	7,520 hrs. costing $91,368		Total variable overhead		$39,050
Overhead total costs	Fixed $51,740; Variable $38,270		Total fixed overhead		$51,120

1. Labor efficiency variance
2. Labor flexible budget variance
3. Materials quantity variance
4. Materials price variance
5. Standard cost
6. Variable overhead rate
7. Variable OH efficiency variance
8. Variable OH flexible budget variance
9. Variable OH spending variance
10. Variable OH production volume variance
11. Variable overhead under or overapplied amount
12. Fixed OH efficiency variance
13. Fixed OH flexible budget variance
14. Total fixed overhead variance
15. Fixed OH spending variance
16. Fixed OH production volume variance
17. Variable overhead under or overapplied amount