Ezeke Manufacturing makes a product with the following standard costs:

	Standard Quantity	Standard Price/Rate
Direct Materials	6.9 liters	$5.00/liter
Direct Labor	.3 hours	$17/hour

The company reported the following results concerning this product in August.

Actual Output	8,400 units
Actual Direct Labor Hours Worked	2,310 hours
Actual Price of Raw Materials	$4.90/liter
Actual Direct Labor Rate	$17.10/hour
Purchases of Raw Materials	62,500 liters

There was no beginning inventory of materials; however, at the end of the month, 4,170 liters of direct material remained in ending inventory.

1. Compute the direct materials price variance

2. Compute the direct materials quantity variance

3. Compute the direct labor rate variance

4. Compute the direct labor efficiency variance

Make sure to label your variances favorable or unfavorable.