Please refer to the standard unit data for the Wolverine Company of Michigan foundhere. From the data provided, determine the following:

• Direct materials price variance (based on materials used)
• Direct materials usage variance
• Direct labor variance
• Direct labor efficiency variance

Normal volume per month is 40,000 direct labor hours.Wolverine's January 2014 budget was based on normal volume.During January, Wolverine produced 7,800 units with records indicating the data following: Actual: The Wolverine Company Standards: Direct materials purchased 25,000 lbs @ $3.60 Direct Materials (2 lbs @ $3.50 per lb.) $7.00 Direct materials used 23,100 lbs Direct Labor (4 hours @ $6.50 per hour) $26.00 Direct labor 40,100 hours @ $6.30 STANDARD COST PER UNIT $33.00 (excluding overhead)