The SCC Division of the Big-Drug Company uses standard costing to help control their production costs.  The division’s main product is a pharmaceutical product that comes in a multi-dose package.  The standard variable costs per package are given below:

Direct materials (chemical ingredients 1.50 ounces @ $.1.00 per ounce)

Direct materials (packaging 1 package piece @ $0.48 per package piece)

Direct labor (0.20 hour @ $20.00 per hour) 

Variable overhead ($2.00 per direct labor hour) 

Fixed overhead ($5.00 per direct labor hour)

 During the most recent month, 95,000 packages of the product were produced.  Other salient information related to the production of the 95,000 packages follows:

Actual variable overhead

$39,200.00 

Actual fixed overhead

$97,000.00 

Actual direct labor hours

19,200

Actual direct labor hourly rate

$19.95 

DM chemicals purchase price

$0.98 

DM chemicals purchase quantity

145,000

DM packages purchase price

$0.47 

DM packages purchase quantity

96,000

DM chemicals used 

144,000

DM packages used 

96,000

Fixed Overhead Budget

$100,000 

Calculate;

DM chemical purchase price variance

DM chemical efficiency (quantity) variance

DM packaging purchase price variance

DM packaging efficiency (quantity) variance

Direct Labor rate variance

Direct Labor efficiency variance 

The variable overhead spending variance

The variable overhead efficiency variance

The fixed overhead spending variance