Tuna Company set the following standard unit costs for its single product. Direct materials (25 Ibs. @ $4 per Ib.) $100.00 Direct labor (6 hrs. @ $8 per hr.) 48.00 Factory overhead-variable (6 hrs. @ $5 per hr.) 30.00 Factory overhead-fixed (6 hrs. @ $7 per hr.) 42.00 Total standard cost $220.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% Production in units 42,000 48,000 54,000 Standard direct labor hours 252,000 288,000 324,000 Budgeted overhead Fixed factory overhead $2,016,000 $2,016,000 $2,016,000 Variable factory overhead $1,260,000 $1,440,000 $1,620,000 During the current quarter, the company operated at 70% of capacity and produced 42,000 units of product; actual direct labor totaled 250,000 hours. Units produced were assigned the following standard costs: Direct materials (1,050,000 Ibs. @ $4 per Ib.) $4,200,000 Direct labor (252,000 hrs. @ $8 per hr.) 2,016,000 Factory overhead (252,000 hrs. @ $12 per hr.) 3,024,000 Total standard cost $9,240,000 Actual costs incurred during the current quarter follow: Direct materials (1,000,000 Ibs. @ $4.25) $4,250,000 Direct labor (250,000 hrs. @ $7.75) 1,937,500 Fixed factory overhead costs 1,960,000 Variable factory overhead costs 1,200,000 Total actual costs $9,347,500

Required:

1. Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no effect (i.e., zero variance). Input all amounts as positive values. Leave no cells blank - be certain to enter \"0\" wherever required. Omit the \"$\" sign in your response.)

2. Compute the direct labor variance, including its rate and efficiency variances.

3. Compute the overhead controllable and volume variances.