Direct Materials and Direct Labor Variances Zoller Company produces a dark chocolate candy bae Recently, the company adopted the following standards for one bar of the candy: During the first week of operation, the company experienced the following actual results: a. Bars produced: 141,000 b. Ounces of direct materials purchased: 874,500 ounces at $0.21 per ounce. c. There are no beginning or ending inventories of direct materials. d. Direct labor: 11,140 hours at $17.20. Required: Instructions for parts 1 and 2: If a variance is zero, enter "0* and select "Not applicable" from the drop down box. 1. Compute price and usage variances for direct materials 2. Compute the rate variance and the efficiency variance for direct labor