Putnam corporation manufactures a single product. The standardcost per unit of product is shown below.

Direct Materials - 1 pound plastic at $7.00perpound   $ 7.00
Direct labor - 1.5 hours at $ 12.00 perhour              18.00
Variable manufacturingoverhead                            11.25
Fixed manufacturingoverhead                                 3.75
Total standard costper unit                                   40.00

The predetermined manufacturing overhead rate is $10 perdirect labor hour ($15.00 / 15). It was computed from a mastermanufacturing overhead budget based on normal production of 7,500direct labor hours (5,000 units) for the month. Themaster budget showed total variable costs of $56.250 ($7.50per hour) and total fixed overhead costs of 18,750 ($2.50 perhour).

Directmaterials (5.100pounds)              $ 37,230
Direct labor (7,000hours)                      87,500
Variableoverhead                                 56,170
Fixedoverhead                                     19,680

The purchasing department buys the quantities of raw materialsthat are expected to be used in production each month. Rawmaterials inventories can be ignored.

Instructions:

Compute all of the materials, labor and overhead variances