A company creates drinks and It’s sells for $400 Canadian online or at local farm retail stores. Each press contains 2 major direct materials, wood and stainless steel During the planning process for 2021, the company used standard costing method and estimated they would produce and sell 5,000 units. The standard direct labour rate per hour is $24.00 and they budgeted a total of $480,000 in direct labor costs. The total budgeted cost for Wood Direct Material (DM) was $30,000 at 3 kg per unit. The total budgeted cost for Stainless Steel DM was $15,000 at 0.5 kg per unit.

Although the budget was 5,000, demand for the year 2021 was higher than anticipated they produced and sold 5,700 units. The total actual direct labour costs were $456,000 and employees worked 3.2 hours on each unit. The actual spending on Wood DM was $47,709 and they purchased 17,670 kg. There was no ending inventory. The actual spending on Stainless Steel DM was $21,948, they purchased 3,720 kg and still have ending inventory of 300 kg

a) Calculate the labour rate and efficiency variances for the year.

b) Calculate the Wood DM price and quantity variances for the year.

d) Calculate the Stainless Steel DM price and quantity variances for the last year.