Nola Company manufactured and sold 10,000 units last year for $175 per unit,

Nola Company manufactured and sold 10,000 units last year for $175 per unit, although it had budgeted to sell 12,000 units for $180 per unit. Nola purchased and used 20,000 feet of direct materials for $400,000. Nola paid direct labor $300,000 for 15,000 hours. Manufacturing overhead cost $650,000, half variable and half fixed. Variable overhead is usually applied at
rate of 100% of direct labor costs. Fixed overhead was budgeted to cost $400,000. Production standards call for each unit to use 2.5 feet of materials costing $18.oo/foot, and 2 hours of labor costing $18.oo/hour.
Calculate all nine variances and indicate whether they are favorable or unfavorable.

SHOW YOUR WORK IN A TABLE THAT CONTAINS (Feel free to use Excel if you wish)
Rows: REVENUE, DM, DL, VOH, CM, FC
Columns: Static Budget, Flexible Budget, Standard Cost of Actual Quantity, Actual

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Calculating All nine Variances include:
Sales Price Variance
DM Efficiency Var
DM Price Var
DL Efficiency Var
DL Price Var
VOH Efficiency Var
VOH Spending Var
CM Sales Variance
VOH Spending Variance

Show your work and the answers should be
Sales Price Variance 50000 U
CM Sales Vol Var 126000 U
DM Efficiency Var 90000 F
DL Efficeincy Var 90000 F
VOH Efficeincy Var 60000 F
DM Price Var 40000 U
DL Price Var 30000 U
VOH Spending Var 25000 U