Information from the Progressive Company is presented as follows:

Actual cost of 9,000 pounds of

direct material purchased $2,200

Direct material used in production 7,800 pounds

Actual number of direct labor hours 980

Actual direct labor cost $14,945

Actual production 240 units

Direct material price standard $0.25 per pound

Direct material quantity standard

per finished unit of production 30 pounds

Direct labor rate standard $15

Direct labor efficiency standard 4 hour per unit

Budgeted production 250 units

REQUIRED:

Determine the direct material price variance. Determine the direct material quantity variance in dollars. Determine the direct labor rate variance. Determine the direct labor efficiency variance in dollars.