The company has determined a standard direct materials cost per unit of $7.20 (2 feet $3.60 per foot). Last month, Acoma purchased and used 4,500 feet of direct materials, for which it paid $15,750. The company produced and sold 2,070 units during the month.

Required:

Calculate the direct materials price, quantity, and spending variances.

Direct Materials Price Variance
Direct Materials Quantity Variance
Direct Materials Spending Variance