Management Accounting

Question

The following standard cost data are for Dito Ltd. for January 2019:

Per unit:

Direct material 15kg at $5/kg

Direct labor 4hr at $12/hr

During January, Dito produced 720 units of output, which was 30 units less than expected. Direct material purchased and used was 10,500 kg at $5.25/kg. Direct labor was 2,900 hours at 12.25/hr.

Required

1. What were the price and quantity variances for direct material, respectively?

2. What were the rate and efficiency variances for direct labor, respectively?