ABC Inc. manufactures medical devices. A small medical device requires the following:

Direct materials standard	2 square yards at $13.50 per yard
Direct manufacturing labor standard	1.5 hours at $20.00 per hour

During the month, the company made 1,500 devices and used 3,250 square yards of materials. The company purchased 3,500 square yards costing $49,000. Direct labor totaled 2,100 hours for $46,200.

Show all the supporting calculations to earn points.

1. Compute the direct materials price and efficiency variances for the month.
2. Compute the direct manufacturing labor price and efficiency variances for the month.
3. Journalize the four variances calculated above.