More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the following per unit standard costs for 2019 for each baseball bat:

Manufacturing

Direct MaterialsDirect LaborOverhead

Standard Quantity2 Pounds (Aluminum)1/2 hour1/2 hour

Standard Price$4.00$10.00$6.00

Unit Standard Cost$8.00$5.00$3.00

In 2019, the company planned to produce 120,000 baseball bats at a level of 60,000 hours of direct labor.

Actual results for 2019 are presented below:

1.Direct materials purchases were 246,000 pounds of aluminum which cost $1,020,900.

2.Direct materials used were 220,000 pounds of aluminum.

3.Direct labor costs were $575,260 for 58,700 direct labor hours actually worked.

4.Total manufacturing overhead was $352,000.

5.Actual production was 114,000 baseball bats.

Instructions

(a)Compute the following variances:

1.Direct materials price.

2.Direct materials quantity.

3.Direct labor price.

4.Direct labor quantity.

5.Total overhead variance.