Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.

Direct materials (15 lbs. @ $4 per lb.). . . . . . . . . . . . . . . . . . . . .. . . . $60

Direct labor (3 hrs. @ $15 per hr.). . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

During May the company incurred the following actual costs to produce 9,000 units.

Direct materials (138,000 lbs. @ $3.75 per lb.) . . . . . . . . . . . . . $517,500

Direct labor (31,000 hrs. @ $15.10 per hr.). . . . . . . . . . . . . . . . . 468,100

Compute the

(1) Direct materials price and quantity variances

(2) Direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.