1. In reviewing activity for July, the controller of Taxim, Inc., collected the following data concerning direct materials.

Actual Production 103,200 units

Direct Materials purchased (actual) $1,643,200

Standard cost of materials purchased $1,555,000

Standard direct materials cost per unit produced $14.00

Standard price times actual amount of materials used $1,406,950

Calculate the total direct materials cost variances (price and efficiency)