Silicon Inc. has provided the following information for the year ended December 31, Year 1.

Master Budget Actual Costs
5,000 units 4,500 units
Direct materials $ 35,000 $ 32,500
Direct labor 15,000 12,500
Variable manufacturing overhead 8,000 7,800
Fixed manufacturing overhead 16,000 17,500
Total manufacturing cost $ 74,000 $ 70,300
Knowledge Check 01

What is the direct materials spending variance?

$1,000 favorable

$1,000 unfavorable

$3,500 favorable

$3,500 unfavorable

Knowledge Check 02

What is the direct labor volume variance?

$2,500 favorable

$2,500 unfavorable

$1,500 favorable

$1,500 unfavorable

Knowledge Check 03

What is the total variable manufacturing overhead variance?

$200 favorable

$200 unfavorable

$800 favorable

$800 unfavorable

Knowledge Check 04

What is the fixed manufacturing overhead volume variance?

$1,600 favorable

$3,100 unfavorable

$150 unfavorable

$0