Richins Company produces cranberry juice sold in half-gallon containers. Richins uses a standard costing system and has set the following standards for materials and labor for the juice production:

Direct materials (64 oz. @ $0.03)	$1.92
Direct Labor (0.05 hr. @ $12.00)	0.60
Total prime cost	$2.52

During January, Richins experienced the following actual results:

	a. Units produced: 30,000 half gallons.
	b. Ounces of materials purchased and used: 2,300,000 ounces at $0.025 per ounce.
	c. Labor used: 1,525 hours at $12.25 per hour.

Required:

If required, round your answers to the nearest dollar.

1.	Calculate the total materials variance and label the variance as Favorable or Unfavorable: $
2.	Calculate the total labor variance and label the variance as Favorable or Unfavorable: $

Refer to the Richins scenario and data to complete the below requirements.

Required:

1.	Calculate the materials price variance and label the variance as Favorable or Unfavorable: $
2.	Calculate the materials usage variance and label the variance as Favorable or Unfavorable: $

Refer to the Richins scenario and data to complete the below requirements.

Required:

If required, round your answers to the nearest dollar.

1.	Calculate the labor rate variance and label the variance as Favorable or Unfavorable: $
2.	Calculate the labor efficiency variance and label the variance as Favorable or Unfavorable: $