Silmon Corporation makes a product with the following standard costs. In June the company produced 4.900 units using 21.810 grams of the direct material and 2.530 direct labor-hours. During the month the company purchased 24, 800 grams of the direct material at a price of $8.80 per gram. The actual direct labor rate was $16.60 per hour and the actual variable overhead rate was $1.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours Required: Compute the following variances for raw materials direct labor, and variable overhead assuming that the price variance for materials is recognized at point of purchase