The Bridgeport Chemical Manufacturing Company produces two primary chemical products to be used as base ingredients for a variety of products. The 2022 budget for the two products (in thousands) was as follows:

		LX-4		ABC-8		Total
Level of production in litres		2,200		2,200		4,400
Direct materials		$5,500		$6,900		$12,400
Direct labour		3,300		3,300		6,600
Total direct manufacturing cost		$8,800		$10,200		$19,000

The following planning assumptions were used for the budget: (1) a direct materials yield of 96%, and (2) a direct labour rate of $6 per hour. The actual results for 2022 were as follows (in thousands):

		LX-4		ABC-8		Total
Total litres produced		2,090		2,410		4,500
Direct materials		$5,016.00		$7,870.00		$12,886.00
Direct labour		3,465.00		4,290.00		7,755.00
Total direct manufacturing cost		$8,481.00		$12,160.00		$20,641.00

The actual production yield was 95% for LX-4 and 94% for ABC-8. The direct labour cost per hour for both products was $6.50.

Calculate for product LX-4: (1) the direct materials price variance, and (2) the direct materials efficiency (yield) variance. (Round intermediate calculations and final answers to 2 decimal places, e.g. 1.25. Enter answers in thousands.)

(1)		The direct materials price variance		$enter a dollar amount rounded to 2 decimal places	select an option FavourableUnfavourableNeither favourable nor unfavourable
(2)		The direct materials efficiency (yield) variance		$enter a dollar amount rounded to 2 decimal places	select an option Neither favourable nor unfavourableFavourableUnfavourable