1. Nike Inc. uses standard costing for its manufacturing processes. The standard costs and actual costs for direct materials, direct labor, and variable overhead for producing 1,000 pairs of shoes are as follows:

Cost Component	Standard Cost ($)	Actual Cost ($)
Direct Materials	$20	$22
Direct Labor	$10	$11
Variable Overhead	$5	$6

Calculate the direct materials, direct labor, and variable overhead variances.