The following information pertains to Skandalis Company's production of one unit of its manufactured product during the month of June:

Standard quantity of materials	10 lbs.
Standard cost per lb.	$.85
Standard direct labor hours	.5
Standard wage rate per hour	$12.00
Materials purchased	200,000 lbs.
Cost of materials purchased	$.82 per lb.
Materials consumed for manufacture of 10,000 units	112,000 lbs.
Actual direct labor hours required for 10,000 units	4,600
Actual direct labor cost per hour	$12.25

(a) The materials price variance is recognized when materials are purchased. Compute materials price and quantity variances and labor rate and efficiency variances.