Brisbane Limited produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labour: Leather (12 strips @ $20) $240 Direct labour (10 hours @ $12) $120 Total prime cost $360/ During the year, Brisbane produced 125 pairs of boots. Actual leather purchased was 1,700 strips, at $16 per strip. There were no beginning or ending inventories of leather. Actual direct labour was 1,500 hours at $15 per hour. 13. respectively. Compute the materials price variance and the materials usage variance, 125 lance A B . $9,000 F and $1,200 U $9,300 U and $1,500 F $6,800 F and $4,000 U | $6,800 U and $4,000 F 14. Compute the total budget variances for materials and labour, respectively