How to do this? Also, please state if its favorable or undavorable.

These are 2 different problems.

Hillman Company's actual direct materials costs and standard costs are as follows. What are the direct materials price, usage, and inventory variances? Actual quantity purchased Actual quantity used in production Quantity allowed for production Actual price per pound Standard price per pound 3,600 pounds 3,500 pounds 3,400 pounds $11 S12 Riley Company has set the following standard material costs for the product it manufactures: Material A 5 pounds at $4.00 per pound Material B 12 pounds at $2.50 per pound During the month of August, 5.500 pounds of material A were purchased at a cost of S4.25 per pound, of which 4.800 were used in production. During the period, 13,000 pounds of material B were purchased at a cost of $2.00 per pound, of which 12,750 were used in production. The actual production for the month of August was 1,000 units. Required: A. Compute the direct materials price variance for each material. B. Compute the direct materials usage variance for each material. C. Compute the direct materials inventory variance for each material