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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)$12.00Direct labour (2 hours

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

Direct materials (2 kg of plastic at $6 per kilogram)$12.00Direct labour (2 hours at $11 per hour)22.00Variable manufacturing overhead11.15Fixed manufacturing overhead6.25Total standard cost per unit$51.40

Actual costs for producing 2,740 units were as follows:

Direct materials used

5,750kgDirect materials purchased (6,800 kg)

$39,440Direct labour (6,900 hours)

$62,790Variable manufacturing costs

$32,800Fixed manufacturing costs

$17,400

Calculate the materials price variance for materials purchased.

Calculate the materials quantity variance.

Calculate the labour price variance.(Round answer to the nearest whole dollar, e.g. 5,275.)

Calculate the labour quantity variance.

Also need to know if each is favourable or unfavourable

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