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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

Jay Levitt Company budgeted the following cost standards for the current year:

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Direct materials (2 kg of plastic at $6 per kilogram) $12.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead 10.30 Fixed manufacturing overhead 6.90 Total standard cost per unit $53.20 Actual costs for producing 2,730 units were as follows: Direct materials used 5,500 kg Direct materials purchased (6,740 kg) $39,092 Direct labour (6,900 hours) $67,620 Variable manufacturing costs $32,400 Fixed manufacturing costs $17,900 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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