Dalanda, Incorporated is analyzing its most current results against the budget.
Here is the standard cost information:
	Standard Cost per Direct Material/Hour	Standard Quantity/Hours per Unit	Standard Cost per Unit
Direct Materials	$7.50	2.5	$18.75
Direct Labor	$19.00	2	$38.00
Variable Overhead	$6.50	2	$13.00
Planned production (units)	10,000
Actual cost information is below:
Units Produced	9,500
Materials Purchased and Used	27,500
Cost of Direct Materials	$181,000
Direct Labor Hours	18,500
Direct Labor Cost	$406,000
Variable Overhead Cost	$115,000
Fixed Overhead Cost	$325,000
Calculate the Materials Price, Quantity, and Spending Variance.