Brookfield Foundry had a direct material budget of $1500$ pounds at a cost of $$4\mathrm{.}20$ per pound.

The actual results showed that $1700$ pounds were used at a cost of $$4\mathrm{.}00$ per pound.

The direct labour budget showed standard hours of $2,500$ at an hourly rate of $$22.$ The actual

results showed that $2,300$ hours were incurred at an hourly rate of $$20.$

Instructions

Calculate the total variance, price variance, and quantity variance for the direct materials and

direct labour.