enterprise make product with standard cost for Direct Material $4\mathrm{.}6$ pounds at $ $2\mathrm{.}50/-,$ direct Labor $0\mathrm{.}2$ hours at $ $12\mathrm{.}00/-.$ IBA purchase $20000$ pounds material at $$2\mathrm{.}35/-,$ Material used in production $4000$ units, Direct labor work for $750$ hours at $ $13\mathrm{.}90/-.$

Compute Direct Material Variance and Direct Labor Variance for IBA