Cost standards for one unit of product no. C77:
Direct material	3 pounds at $2.80 per pound	$	8.40
Direct labor	5 hours at $7.20 per hour		36.00
Actual results:
Units produced	7,900 units
Direct material purchased	26,300 pounds at $3.00	$	78,900
Direct material used	23,400 pounds at $3.00		70,200
Direct labor	40,800 hours at $7.00		285,600

Use the information to compute the following variances. The standard hours allowed for the work performed are: