Bowling Inc. makes a popular bowling ball. The company wants to develop budgets (standards) for material, labour, and variable overhead. The budgeted (standard) cost for one bowling ball would be:

	Quantity of Hours	Standard Price or Rat	Standard Cost
Direct materials	3.5	$6	21
Direct labor	2	$18 an hour	36
Variable overhead	2	$4 an hour	8
Total standard cost per bowling ball			$65

The following data are for last months production:

Number of bowling balls completed. 5,000 units

Cost of material purchased (20,000 kilos $5.40 per kilo)...... $108,000

Kilos of material used ..................... 20,000 kilos

Using the data above, compute the direct material price and efficiency variances for the bowling balls