"ElectroTech Russia" manufactures electronic devices and uses standard costing to manage its operations. The standard cost for producing one device is 1,000 rubles. Last month, the company produced 5,000 devices and incurred actual costs of 5,500,000 rubles. Students should calculate the direct material price variance and the direct labor efficiency variance. Additionally, they should analyze the variances and recommend actions to address any unfavorable discrepancies.