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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

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 @ $4.80.
c. Materials used: 2,242,000 pounds.
d. Direct labor: 684,000 hours @ $11.52.
Required:
Compute price and usage variances for materials. Enter amounts as positive numbers and select Favorable or Unfavorable.
Material price variance
$1,793,600
Material usage variance
Compute the labor rate and labor efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable.
Labor rate variance
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