MNO Company produces food items and incurred the following costs for the production of 22,000 units:

• Actual direct materials cost: $50,000
• Standard direct materials cost: $40,000
• Actual direct labor cost: $32,000
• Standard direct labor cost: $28,000

Calculate the following variances:

1. Direct materials price variance.
2. Direct materials quantity variance.
3. Direct labor rate variance.

Direct labor efficiency variance.