Flexible budget, direct materials and direct manufacturing labor variances

Tuscany Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each unit requires the same amount of resources. The following information is from the static budget for $2009.$

Expected production and sales $5,000$ units

Direct materials $50,000$ pounds

Direct manufacturing labor $20,000$ hours

Total fixed costs $$1,000,000$

Standard quantities, standard prices, and standard unit costs follow for direct materials and direct manufacturing labor.

Standard Quantity

Standard Price

Standard Unit Cost

Direct Materials $10$ pounds $$10$ per pound $$100$

Direct Manufacturing Labor $4$ hours $$40$ per hour $$160$

During $2009,$ actual number of units produced and sold was $6,000.$ Actual cost of direct materials used was $$594,000,$ based on $54,000$ pounds purchased at $$11$ per pound. Direct manufacturing labor$-$hours actually used were $25,000,$ at the rate of $$38$ per hour. As a result, actual direct manufacturing labor costs were $$950,000.$ Actual fixed costs weere $$1,005,000.$ There were no beginning or ending inventories.

$1$ Calculate the sales$-$volume variance and flexible$-$budget variance for each cost category.

$2$ Compute price and efficiency variances for direct materials and direct manufacturing labor.