Let's Rock Limited manufactures Rocking Chairs. The primary Direct Material of its most popular model is Pine. The company has set the following Standard Cost for Direct Materials: It takes 20 linear feet of Pine to produce one Rocking Chair. The Standard Cost of Pine is $1.50 per linear foot.

The company just completed a production run of 1,000 Rocking Chairs. Total actual Direct Materials used was 21,650 linear feet. The total actual cost of the of the Direct Materials used was $28,800

Required:

(i) Calculate the Direct Materials Price and Efficiency Variances

(ii) Provide 2 possible explanations for each Variance

(iii) Which employee is responsible for each Variance and explain you answer?