A company uses the following standard costs to produce a single unit of output:

Direct materials	6 pounds at $0.90 per pound = $5.40
Direct labor	0.5 hour at $12.00 per hour = $6.00

During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Actual direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked.

Hint: you will need to find the actual Direct labor rate based on the totals given above

Based on this information, compute the following:

a. Direct materials price variance

b. Direct materials quantity variance

c. Direct Labor rate variance

d. Direct Labor efficiency variance

Note - enter the amount and F or U to identify if the variance is favorable or unfavorable. Do not enter a dollar sign or decimal. Enter the F or U right after the number, do not enter a space. Example: if the variance is $4,000 favorable, you would enter it as 4000F.