KBG Manufacturing has the following standard cost sheet for one of its products:

Direct materials ( 5 ft. @ $5)	$25
Direct labour (1 hours @ $10)	10
Variable overhead ( 1 hours@ $ 4)	4
Fixed overhead ( 1 hours@ $2*)	2
Standard unit cost	41

*Rate based on expected activity of 15,000 hours.

During the most recent year, the following actual results were recorded:

Production	10,000 units
Fixed overhead	$30,000
Variable overhead	$57,000
Direct materials (71,250 ft. purchased)	$361,620
Direct labour (15,900 hours)	$ 182,580

Required:

Compute the following variances:

1. Direct materials price and usage variances.

2. Direct labour rate and efficiency variances

Provide the formula and detailed calculations, do not just write the answer.

Can you please provide me the answer as fast as you can please