ay Levitt Company budgeted the following cost standards for the current year:

Direct materials (2 kg of plastic at $5 per kilogram)		$10.00
Direct labour (2 hours at $12 per hour)		24.00
Variable manufacturing overhead		10.05
Fixed manufacturing overhead		7.60
Total standard cost per unit		$51.65

Actual costs for producing 2,730 units were as follows:

Direct materials used		5,620	kg
Direct materials purchased (6,780 kg)		$32,544
Direct labour (6,940 hours)		$68,012
Variable manufacturing costs		$32,100
Fixed manufacturing costs		$17,900

Calculate the materials price variance for materials purchased.

Materials price variance

$enter the materials price variance

select a type of the materials price variance UnfavourableNeither favourable nor unfavourableFavourable

Calculate the materials quantity variance.

Materials quantity variance

$enter the materials quantity variance

select a type of the materials quantity variance UnfavourableNeither favourable nor unfavourableFavourable

Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5,275.)

Labour price variance

$enter the labour price variance rounded to the nearest whole

select a type of the labour price variance FavourableNeither favourable nor unfavourableUnfavourable

Calculate the labour quantity variance.

Labour quantity variance

$enter the labour quantity variance

select a type of the labour quantity variance FavourableUnfavourableNeither favourable nor unfavourable