1) Calculate material price variance for materials purchased.

2) calculate the materials quantity variance

3) Calculate labor price variance.

4)Calculate labor quantity variance.

Metlock Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5.00 per kilogram) $10.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead 11.45 Fixed manufacturing overhead 7.05 Total standard cost per unit $52.50 Actual costs for producing 2,710 units were as follows: Direct materials used 5,990 kg Direct materials purchased (6,440 kg) $30,912 Direct labour (6,820 hours) $68,882 Variable manufacturing costs $32,300 Fixed manufacturing costs $17,600 lal