At the start of the year Jessica had the following standard cost sheet for one of its makeup products:

Direct Materials (0.5 kilograms @ $20)

Direct Labour (5 hours @ $15)

The actual results for the year were:

Units produced 230,000

Materials purchased 562,000 kilograms at $16.50

Material used 565,500 kilograms

Direct labour 460,000 hours $18

1. Compute the price and usage variances for materials
2. Compute the labour rate and labour efficiency variances