Snell, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Snell estimated 9,500 tybos would be produced in March. Snell has established the following material and labor standards to produce one tybo:

Standard QuantityStandard Price

Direct materials 2.5 pounds $3 per pound

Direct labor0.6 hours$10 per hour

During March 2021, the following activity was recorded by the company relating to the production of tybos:

1. The company produced 9,000 units during the month.
2. A total of 24,000 pounds of materials were purchased at a cost of $66,000.
3. A total of 24,000 pounds of materials were used in production.
4. 5,000 hours of labor were incurred during the month at a total wage cost of $55,000.

Required:

Calculate the following variances for March for Snell, Inc.

(a)Materials price variance

(b)Materials quantity variance

(c)Labor price variance

(d)Labor quantity variance