Skold Company produces slacks. Materials for the slacks are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be coloured. The following standards for changeover for a given batch have been established:

Direct materials $(2\mathrm{.}4$ kg$.$ @ $$0\mathrm{.}95)$

$$2\mathrm{.}28$

Direct labour$(0\mathrm{.}75$ hr$.$ @ $$7\mathrm{.}40)$

$5\mathrm{.}55$

Standard prime cost of a changeover

$$7\mathrm{.}83$

During the year, $79,500$ kilograms of material were purchased and used for the changeover activity. There were $30,000$ batches produced, with the following actual prime costs:

Direct materials

$$70,560$

Direct labour

$$166,653($for $22,450$ hrs$.)$

Required:

Compute the materials and labour variances associated with the changeover activity, labelling each variance as favourable or unfavourable. Enter all amounts as positive numbers.

Material Variances

Price variance

Usage variance

Labour Variances

Rate variance

Efficiency variance