Direct Materials	Direct Labor
Actual Inputs x Standard Prices	$4,900	$8,000
Standard inputs allowed for actual output X Standard Prices	$4,700	$11,000
Actual Costs	$5,000	$10,000

The chief accountant reports the following information for LM corp.

For Direct Materials, compute the following variances

A. Flexible budget variance

B. Price Variance

C. Quantity Variance

For Direct Labor, compute the following variances

D. Flexible bduget variance

E. Rate Variance

F. Efficiency Variance