Direct Materials Direct Labour

Actual price per unit of input (kg and hours) $32 $15

Standard price per unit of input $30 $14

Standard input allowed per unit of output 5kg 6 hours

Actual units of input 36,000 kg 50,000 hours

Actual units of output (product) 7,500 7500

Assume that the quantity of direct materials purchased, and the quantity used are identical. Given the above information, what are the price and rate variances of direct materials and direct labour respectively?