Basil Tooling uses a standard cost system to account for the costs of its one product. Standards are 4 sheets of -inch steel at $110 per sheet and 14.0 hours of labor at a standard wage rate of $13.0. During July, Basil Tooling produced 600 units. Materials purchased and used totaled 2,600 sheets at a price of $106. Payroll totaled $113,024 for 8,830 hours worked.

Required:

Calculate the direct materials price variance.

Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).

Calculate the direct materials quantity variance.

Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).

Calculate the direct labor rate variance.

Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).

Calculate the direct labor efficiency variance.

Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).