Oceanside Company produces candles. During the year, 190,000 candles were produced. Material and labor standards for producing the candles are as follows:

Direct Materials (2 pounds of wax at $2.25 per pound) $4.50

Direct Labor (2 hours at $10 per hour) $20.00

Oceanside purchased and used 400,000 pounds of wax at $2.00 per pound and it's actual labor hours were 360,000 hours at a wage rate of $10.50.

Answer the following questions:

(1) What is Oceanside's total labor variance? (Be sure to indicate if the variance is favorable or unfavorable)

2) What is Oceanside's material's usage variance? (Be sure to indicate if the variance is favorable or unfavorable)

(3) What is Oceanside's material's price variance? (Be sure to indicate if the variance is favorable or unfavorable)

4) What is Oceanside's labor rate variance? (Be sure to indicate if the variance is favorable or unfavorable)