Calculating Direct Materials Cost Variance, you can see that the actual costs are higher than standard and the actual quantity purchased and used is less than standard. The two variances are combined for a total favorable direct material cost variance of $fill in the ___________.

Direct Labor Cost Variance

Calculating Direct Labor Cost Variance, you can see that the actual costs are higher than standard and the actual hours are less

than standard. The two variances are combined for a total favorabledirect labor cost variance of $___________.

The standard cost sheet for a product is shown.

Manufacturing Costs	Standard price	Standard Quantity	Standard Cost per unit
Direct materials	$4.60 per pound	5.50 pounds	$	25.30
Direct labor	$11.71 per hour	2.40 hours	$	28.10
Overhead	$2.10 per hour	2.40 hours	$	5.04
			$	58.44

The company produced 3,000 units that required:

17,000 pounds of material purchased at $4.45 per pound

7,150 hours of labor at an hourly rate of $12.01 per hour

Actual overhead in the period was $15,490

Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the nearest dollar. However, do not round your intermediate calculations.

Budget Performance Report
Manufacturing Costs: 3,000 units	Actual Costs	Standard Costs	Variance (Favorable)/ Unfavorable
Direct materials	$75,650	$____	$___
Direct labor	____	84,312	____
Overhead	15,490	____	______
	$____	$_____	$1,680