Super Rat Machine Works produces sprockets for the Tree Bicycle Company.

At the beginning of the year, they had the following standard costs for one batch of sprockets:

Direct materials (20 kg @ $3.20 per kg)

$ 64.00

The actual results for the year are:

Batches produced	68,000
Direct materials purchased and used in kilograms	1,250,000
Direct materials cost per kilogram	$ 3.40

Required:

Calculate the material variances and use your solution to answer the following questions.

The amount of the direct material price variance is $____________.

Indicate if the direct material price variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

The amount of the direct material usage variance (also called efficiency variance) is $____________.

Indicate if the direct material usage variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

The total material variance, also called the direct material flexible budget variance, is $___________.

Indicate if the total material variance is favourable (enter the letter F) or unfavourable (enter the letters UF).