Excalibur bought 3,000 pounds of materials for $2,850. They used 2,800 pounds to produce 1,000 units of output. Direct labor costs totaled $18,000 for 600 hours of work. Standards have been set as follows:

Direct Materials: 2 pounds @ $1.10 per pound

Direct Labor: .5 hours @ $32 per hour

The Materials Price variance is:

$420 unfavorable $420 favorable $450 unfavorable $450 favorable $230 favorable

The materials quantity variance is:

$880 unfavorable $420 favorable $1,100 unfavorable $450 favorable $880 favorable

The labor rate variance is:

$1,200 favorable $1,200 unfavorable $3,200 favorable $3,200 unfavorable $2000 unfavorable

The Labor efficiency variance is:

$1,200 unfavorable $1,200 favorable $3,200 unfavorable $3,200 favorable $2,000 unfavorable