Problem #1 Amelia Quinn Company manufactures tables. A standard cost card for the manufacture of one table shows the following: Standard Cost per Table: Direct material: 4 sq. ft. @ $3/sq. ft. Direct labor: 2 hours @ $8/hr Total prime costs $12 16 $28 In March, the company produced 1,000 tables. Actual production costs and quantities were: Direct material: 3,900 sq. ft. @ $3.10/sq. ft Direct labor: 2,300 hours @ $7.80/br $12 16 Required Calculate the price and quantity variances for direct material and direct labor