Silmon Corporation makes a product with the following standard costs:

Silmon Corporation makes a product with the following standard costs: In June the company produced 4,800 units using 27,650 grams of the direct material and 2,640 direct labor-hours. During the month the company purchased 24,700 grams of the direct material at a price of $6,80 per gram. The actual direct labor rate was $14,60 per hour and the actual variable overhead rate was $1,90 per hour. The materials price variance is computed when materials are purchased. Required: Compute the following variances for raw materials and direct labor, assuming that the price variance for materials is recognized at point of purchase