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Quinton Company has set the following standards for one unit of product: Direct material Quantity: 7.00 pounds per unit Price per pound: $10.10 per pound

Quinton Company has set the following standards for one unit of product: Direct material Quantity: 7.00 pounds per unit Price per pound: $10.10 per pound Direct labor Quantity: 6.60 hours per unit Rate per hour: $24.80 per hour Actual costs incurred in the production of 2,550 units were as follows: Direct material: $183,855 ($10.50 per pound) Direct labor: $419,099 ($24.10 per hour) All materials purchased were consumed during the period. Required: Compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Direct-material price variance =

Direct-material quantity variance

Direct-labor rate variance

Direct-labor efficiency variance

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