Given the following data:

DirectDirect

MaterialLabor

Standard

Standard price per unit of input$10 per foot$10 per hour

Standard inputs allowed per unit of output5 feet3 hours

Actual:

Actual price per unit of input$12 per foot$9 per hour

Actual units of input2,300 feet1,350 hours

Actual units produced was 500 units

Required:

Calculate the following variances and indicate whether they are favourable or unfavourable:

I.Material price

II.Material usage

III.Total material variance