Standard Cost Information Actual Cost Information Material Price: $1 Total Cost: $34,000 Quantity : 4kg per unit Total Quantity: 35,000 kg

Direct Labour Rate: $1.50 Total Cost: $30,000 Quantity: 2 hours per unit Total Quantity: 17,000 hours

Production Budgeted: 10,000 units Actual: 9,000 units

Required: a) Compute materials price variance and materials quantity variance. b) Compute direct labour rate variance and direct labour quantity variance. c) Compute the total materials and total direct labour variances.