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Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6 per kilogram) $12.00 Direct labour

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Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6 per kilogram) $12.00 Direct labour (2 hours at $11 per hour) 22.00 Variable manufacturing overhead 10.55 Fixed manufacturing overhead 6.10 Total standard cost per unit $50.65 Actual costs for producing 2,710 units were as follows: Direct materials used 5,650 kg Direct materials purchased (6,470 kg) $37,526 Direct labour (6,910 hours) $62,190 Variable manufacturing costs $32,700 Fixed manufacturing costs $17,400 Calculate the materials price variance for materials purchased. Materials price variance $ Calculate the materials quantity variance. Materials quantity variance $ Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5,275.) Labour price variance Calculate the labour quantity variance. Labour quantity variance $

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