McDaniel Company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct materials and direct labor:

Direct materials (100 lbs. @ $1.00 per lb.)	$100.00
Direct labor (0.5 hours at $24 per hour)	12.00
Total standard prime cost per 100 lb. bag	$112.00

The following activities were recorded for October:

	1,000 bags were manufactured.
	95,000 lbs. of materials costing $76,000 were purchased.
	102,500 lbs. of materials were used.
	$12,000 was paid for 475 hours of direct labor.

There were no beginning or ending work-in-process inventories.

Required:

1.	Compute the direct materials price and usage variances.
2.	Compute the direct labor rate and efficiency variances.