E10 - 2A: Material and Labor Variances. The following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product:

Actual Costs Standard Costs

Direct material . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,900 lb. @ $5.30 4,000 lb. @ $5.10

Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,200 hrs. @ $8.40 6,000 hrs. @ $8.70

Determine the following variances:

a. Materials price

b. Materials efficiency

c. Labor rate

d. Labor efficiency