Actual

Material 15,000 pounds purchased at $2.50 per pound; used 12,000 pounds

Direct Labor 1,800 hours at $15 per hour

Units produced 500

Standard

Material 20 pounds per unit at a price of $2.20 per pound

Direct Labor 4 hours per unit at a wage rate of $12 per hour

Required

a. Determine the material price variance based on the quantity of materials purchased.

b. Determine the material quantity variance.

c. Determine the direct labor rate variance.

d. Determine the direct labor efficiency variance.