Budgeted Production 1,000 units

Actual Production980 units

Materials: Standard Price Per Lb. $2.00

Standard Pounds per completed unit 12

Actual pounds purchased and used in production 11,800

Actual price paid for materials $23,000

Labor: Standard hourly labor rate$14

Standard hours allowed per completed unit 4.5

Actual labor hours worked 4,560

Actual total labor costs $62,928

Overhead: Actual and budgeted fixed overhead$27,000

Standard variable overhead rate $3.50 per standard labor hour

Actual variable overhead costs$15,500

Overhead is appliewd on standard labor hours

A) The direct material price variance is:

B) The direct material quantity variance is: