Question 25 Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5 per kilogram) Direct labour (2 hours at $12 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $10.00 24.00 10.05 7.60 $51.65 Actual costs for producing 2,730 units were as follows: Direct materials used Direct materials purchased (6,780 kg) Direct labour (6,940 hours) Variable manufacturing costs Fixed manufacturing costs 5,620 kg $32,544 $68,012 $32,100 $17,900 Calculate the materials price variance for materials purchased. Materials price variance Calculate the materials quantity variance. Materials quantity variance Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5,275.) Labour price variance $ Calculate the labour quantity variance. Labour quantity variance