Purvis Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $2 per pound) $12

Direct labor (2 hours at $12 per hour) $24

During the month of April, the company manufactures 300 units and incurs the following actual costs.

Direct materials purchased and used (1,850 pounds) $4,070

Direct labor (620 hours) $7,130

Instructions

Compute the total, price, and quantity variances for materials and labor.