Dannilynns Designer Dresses set the following standards for July

Direct Material 3 yards per dress

$50 per yard

Direct labor 2 hours per dress

$35 per hour

During July Dannilynn produced 200 dresses

Actual Results:

700 yards purchased at a total cost $37,800

590 yards were used in production

450 hours were worked at a total cost of $14,850

Required: Calculate the direct material and direct labor variances.