Fulmer Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $2 per pound)		Direct labor (2 hours at $12 per hour)
$12		$24
During the month of April, the company manufactures 300 units and incurs the following actual costs.
Direct materials purchased and used (1,850 pounds)		Direct labor (620 hours)
$4,070		$7,130
Instructions
Compute the total, price, and quantity variances for materials and labor.