Richard Maxim .Inc has the following information of production :

Actual price paid for direct material 2$ ,standard price for direct material $2.20

Actual quantity purchased and used in the production $110 , standard quantity for units produced $120

Actual labor rate per hour $ 16 ,standard labor rate per hour $17

Actual hours 220 , standard hours for units produced 240

Required :

A) Compute the Direct materials price variance and the direct material efficiency variance

B) The labor Price variance and efficiency variance.

C) record the direct materials cost variances