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

$\backslash$table$[[$Direct materials standard,$2$ square yards at $$13\mathrm{.}50$ per yard$],[$Direct manufacturing labor standard,$1\mathrm{.}5$ hours at $$20\mathrm{.}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.

Compute the direct materials price and efficiency variances for the month.

Compute the direct manufacturing labor price and efficiency variances for the month.

Journalize the four variances calculated above.