Direct-Material and Direct-Labor Variances Hill Fine Instruments manufactures trumpets. tromoones, tuhas, and other hrass instruments. The following standards were developed for a line of trumpets: Standard Inputs Expected for Each Unit of standard Price per Unit output Achieved of input Direct materials 5 pounds $10 per pound Direct Iaoor $25 per hour During April. Hill scheduled 550 trumpets for production. However, the company produced only 525. Hill purchased and used 3,1UG pounds ofdirect materials at a unit price of ssoo per pound. It used 5,5DU hours of direct labor at an actual rate of $25.:Jti per hour. 1. Compute the standard cost per trumpet for direct materials and direct labor. 2. Compute the price variances and quantity variances for direct materials and direct labor. 3. Based on these sketchy data. what clues for investigation are provided by the variances