1.Lavoie Company planned to use 18,500 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound. Calculate the direct materials price variance.

2.The following information describes production activities of the Midtown Corporation:

Raw materials used	16,000 Pounds at $4.05 per Pound
Factory payroll	5,545 hours for a total of $72,085

30,000 units were completed during the year Budgeted standards for each unit produced: 1/2 Pound of raw material at $4.15 per Pound 10 minutes of direct labor at $12.50 per hour Compute the direct materials price and quantity and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.