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Sweet Apples Inc. produces a single product, the Apple Bloom Plush Pony, and has prepared the following cost data. The direct materials quantity standard is

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Sweet Apples Inc. produces a single product, the Apple Bloom Plush Pony, and has prepared the following cost data. The direct materials quantity standard is set at 7 pounds per Plush Pony. The direct materials price standard is set at $3.60 per pound. The direct labor time standard is set at 2 hours per Plush Pony. The direct labor rate standard is set at $12.00 per hour. During the month of April, the company manufactured 330 units and incurs the following actual costs. Direct materials purchased and used in the month were 2,100 pounds at a cost of $7,896. Direct labor hours used in the month total 670 hours at a cost of $7,960. Round to two decimals Requirement 1: The materials price variance = $ Requirement 2: The materials quantity variance = Requirement 3: The labor rate variance = $ Requirement 4: The labor time variance = $

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