Dalek, Inc. produces scented candles using a standard costing system with the following standards for materials and labor:
		Standard Quantity	Standard Price
	Candle Wax (ounces)	8	0.25
	Cotton Wicks (each)	1	0.05
	Scented Oil (ounces)	0.50	0.10
	Direct labor (hours)	0.25	15.00
	Actual candle production was:	125,000	Scented Candles
	There were no beginning or ending inventories of the materials used to make candles.
		Actual Qty Purchased/Used	Actual Price
	Candle Wax (ounces)	975,000	0.2725
	Cotton Wicks (each)	126,250	0.0450
	Scented Oil (ounces)	63,750	0.0975
	Direct labor (hours)	32,500	16.2500
1)	Compute the total standard cost to produce 25,000 scented candles.
2)	Compute the total materials and labor variances.
3)	Break down the total material variances into price and usage variances.
4)	Breakdown the total labor variance into rate and efficiency variances.