Actual Cost of Direct Materials	$ 225,000
Standard Cost of Direct Materials	$ 224,800
Actual Materials Used	30
Standard Materials Used	31
Actual Direct Labor Rate	$ 15.50
Standard Labor Rate	$ 15.00
Actual Hours Worked	45
Standard Hours Worked	40
	Amount	Favorable/ Unfavorable
Calculate Materials Variances:
Materials Price Variance	??	??
Materials Quantity Variance	??	??
Calculate Labor Variances:	??	??
Labor Rate Variance	??	??
Labor Efficiency Variance