ABC manufactures a product with the following:

Direct materials standard 6 units at $5 per unit

Direct manufacturing labor standard 20 hours at $20 per hour

During the second quarter, the company made 5,000 products and used 29,000 units of raw material costing $159,500. Direct labor totaled 102,000 hours for $1,989,000.

Required:

a. Compute the direct materials price and efficiency variances for the quarter.

b. Compute the direct manufacturing labor price and efficiency variances for the quarter.