At the beginning of the year, Craig Company had the following standard cost sheet for one of its plastic products:

The actual results for the year are as follows:

a$.$ Units produced: $380,000.$

b$.$ Materials purchased: $2,660,000$ pounds @ $$4\mathrm{.}80.$

c$.$ Materials used: $2,204,000$ pounds.

d$.$ Direct labor: $836,000$ hours @ $$13\mathrm{.}56.$

Required:

Compute price and usage variances for materials. Enter amounts as positive numbers and select Favorable or Unfavorable.

Material price variance

$

$x$

Unfavorable $$

Material usage variance $

$$

$\sqrt[\phantom{2}]{?}$

Compute the labor rate and labor efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable.

Labor rate variance

$

$$

$$

Labor efficiency variance

$

$$ Unfavorable

Unfavorable $$