DM & DL variances; journal entries In July, Zinger Corp. purchased 52,000 gallons of Numerol for $158,600 to use in the production of product #43MR7. During July, Zinger Corp. manufactured 10,140 units of product #43MR7. The following information is available about standard and actual quantities and costs:

Standard for One Unit Direct material 4.8 gallons @ $3 per gallon Direct labor 20 minutes @ $9 per DLH Actual Usage for July Direct material 47,710 gallons Direct labor 3,354 DLHs @ $9.02 per DLH

a. Compute the material purchase price variance and the material quantity variance. Note: Do not use a negative sign with your answers.

Material price variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable
Material quantity variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable

b. Compute the labor rate, labor efficiency, and total labor variance. Note: Do not use a negative sign with your answers. Note: Round your final answer to the nearest whole dollar.

Labor rate variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable
Labor efficiency variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable
Total labor variance	Answer	AnswerFavorableUnfavorableNeither favorable or unfavorable