The following information pertains to Nell Company's production of one unit of its manufactured product during the month of June. The company recognizes the materials price variance when materlals are purchased 5 kg Standard quantity of materials Standard cost per kilogram Standard direct labour hours Standard wage rate per hour Direct materials purchased Cost of dlrect materlals purchased per kilogram Direct materials consumed for manufacture of 10,000 units Actual direct labour hours required for 10,000 units Actual direct labour cost per hour $0.40 0.4 hr $7.10 94,000 kg $0.37 54,000 kg 3,890 $7.30 ? (a) Calculate the price and efficiency (quantity) variances for materials and labour. Direct material price variance Direct material efficiency variance $ Direct labour price variance Direct labour efficlency varlance $